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Activist hedge funds busy punting M&A ball

Heady valuations make the windfall from a sale too hard to resist for dissident shareholders

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New York

OF all the demands that activist hedge funds make, one has emerged as a clear favourite over the past year: asking the management of a company they target to put up the "for sale" sign.

Heady valuations have made the windfall from a sale too hard to resist for dissident

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