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Private equity firms bet on stock market's fixer-uppers

Reuters  |  NEW YORK 

By Joshua FranklinNEW YORK (Reuters) - Private equity firms, armed with a record $1 trillion in cash, are investing more in public companies than at any time since the financial crisis, buying those left behind in Wall Street's nine-year bull market.It is a bet that buyout firms can spot listed companies' potential that the stock market has been missing, and a sign of confidence in their ability to turn them around even as some of their shareholders have lost patience or faith in them."There are quite a few public companies that are maybe a little less exciting, maybe have made some missteps ...

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First Published: Fri, May 18 2018. 11:07 IST