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Gibson, Dunn & Crutcher LLP's Jonathan Layne and The Deal Pipeline's David Marcus discuss the strategies activist investors like Nelson Peltz, William Ackman and others are employing in the current environment. - George White

Ken deRegt will retire as head of fixed income at Morgan Stanley and be replaced by Michael Heaney and Robert Rooney. For other updates launch today's Movers & shakers slideshow.
Apax Partners offers $1.1 billion for Rue21, the same teenage fashion chain it took public in 2009. More video