Victor Emanuel, who built his Avco Corp. into a $165 million business by a series of complicated financial deals, last week wound up a new one. As part of his program to concentrate Avco on home-appliance manufacture, he sold control of his New York Shipbuilding Corp., third biggest in the U.S., for $2,000,000 cash. The buyer: Louis Wolf son, a 41-year-old Florida financier who could probably teach even a master like "V.E." a few tricks in turning a deal.
In the last 20 years, big-dealing Louis Wolfson has built up from scratch an empire with assets he estimates at $100...
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