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Exclusive: Hedge fund Third Point seeks to launch ‘blank-check’ company – sources

(Reuters) – Daniel Loeb’s activist hedge fund Third Point LLC is in talks with investment banks about launching a “blank check” company that would raise money in an initial public offering to pursue an acquisition, according to people familiar with the matter.

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Israel, Iran engage in most serious confrontation in Syria

Israeli forces unleashed a heavy bombardment against Iranian military installations in Syria on Thursday in what Israel called retaliation for an Iranian rocket barrage on its positions in the occupied Golan Heights, the most serious military confrontation between the two bitter enemies to date. “If we get rain, they’ll get a flood,” Israeli Defense Minister Avigdor Lieberman warned. The scope of the attacks — which Israel called its largest in Syria since the 1973 Mideast war — raised the specter of a full-fledged war between Iran and Israel in Syria, a conflict that could potentially drag the militant …read more […]