Ivan Boesky exemplified a class of investors engaged in buying up stock in companies which were take-over targets, sometimes on the basis of insider information, known as a:

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Ivan Boesky was a risk arbitrageur, which refers to the practice of buying and selling stocks in companies involved in merger and acquisition activity in order to profit from the price fluctuations that occur during the process. Boesky was known for using insider information to make these trades, which eventually led to his downfall and conviction for securities fraud.

Ivan Boesky Exemplified a Class of Investors Engaged in Buying