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In what was maybe just a gosh-darn crazy coincidence, a handful of foreign traders last year snapped up about 2 million shares of Fortress Investment Group right before news broke that it was being acquired by Japan’s SoftBank Group Corp. —at a 30 percent premium per share.

Those lucky investors, who promptly sold their shares, walked away with about $3.8 million in profits.

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Jenna Greene

Jenna Greene is editor of The Litigation Daily and author of the "Daily Dicta" column. She is based in the San Francisco Bay Area and can be reached at jgreene@alm.com.

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