Familiar Mr. Fix-its tackle companies in trouble

0 Comments | USA TODAY, May, 2005 | by Edward Iwata; Greg Farrell; Michal McCarthy; Matt Krantz

Reclusive billionaire buys big stake in a Big Three automaker. Deep-pocketed financier who made his reputation as a corporate raider wages proxy fight. Scion of a liquor empire family captains megabucks deal -- in entertainment. Ambitious investor builds business empire from two troubled companies.

If today's business news seem familiar, it should. In a year that could set records for mergers, acquisitions and restructurings, some players from the '80s are back in the news, and newcomers are adopting strategies popular in the M&A wave 20 years ago. Four who play leading roles:

Kirk Kerkorian Fabled financier Kirk Kerkorian might be nearly 90 years old, but that apparently hasn't slowed his business chops or hurt his clout on Wall Street.

Many thought they...

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