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Eddie Lampert Gets a Taste of His Ow...   Some Assembly Required
May 6 2008 12:33PM EDT

The Fake Takeover Bidder Returns

Paul Murphy wonders whether Lawrence Niren might be back to his old tricks, announcing monster takeover bids under an assumed name so that he can flip the stock for a quick profit. This time the name in question is "Michael Breslow", and Bloomberg - which got duped last time - is once again reporting the bid with a straight face.

Since I've been in contact with Niren quite recently, I fired off a quick email to "Arnold Ziffel" to ask him whether he is in fact "Michael Breslow". The reply?

No comment!

I think we can safely ignore any bids from Multi-Long Corp for the time being, unless any evidence emerges that it actually exists.

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