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Hedge Funds Eye SPAC Mergers

A large number of firms, including Viking, Millennium, Citadel and Magnetar, have sizable stakes in at least three deals scheduled to be completed this week.

This is a big week for blank-check mergers.A number of previously agreed upon deals are scheduled to be approved by shareholders, and the new companies are expected to begin trading.In at least three of the deals, a slew of high-profile hedge funds are among the many significant investors.They either hold

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