Tuesday, August 14, 2007

The Bill Lands on Wall Street's Desk

There aren't many companies like Berkshire and Loews that are rich in cash and willing to make opportunistic investments. Others include Leucadia National (LUK), Alleghany (Y) and American Real Estate Partners (ACP), which is controlled and run by Carl Icahn. Companies that build cash often find themselves targets of activist investors seeking to prod managements to buy back stock, pay large dividends or go private.

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