TAKEOVERS: Raider League, Junior Division

Raider League, Junior Division

When he was younger, Manny Pearlman planned to have his own investment firm. Now, at the advanced age of 28, he has one: Manhattan's Gemini Partners. And, as the newest and perhaps youngest player in the takeover game, he could have more companies in his pocket, soon. Last week Pearlman, acting on behalf of a group of investors, launched his first tender offer, a bid worth $240 million for Arkansas Best Corp. (1987 revenues: $732 million), a firm engaged in trucking as well as furniture and tire manufacturing.

A graduate of Duke and Harvard Business School, Pearlman worked two years for...

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