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Platinum's got cash (lots of it)

Platinum's got cash (lots of it)

Platinum Equity flexed its financial muscle during the Genmar bankruptcy when it scooped up boat brands like Ranger, Stratos, Champion and Glastron. But those deals were small beans compared to a new deal announced this week – Platinum's $777 million buyout of shipping giant American Commercial Lines Inc.

The full text of the buyout announcement can be found here.

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