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Posted on: Aug. 22, 2016, 4:19 p.m.
Investor Wilbur Ross, famous for his big appetite for distressed debt, has spent several hundred million on buying debt in the oil and gas industry, the Wall Street Journal reports, citing sources familiar with the development. Ross has taken his sweet time entering the oil and gas sector, patiently waiting in the wings while many others were quick to snatch up the debt earlier in the crisis—many of whom were likely surprised and sickened to find out just how long ... Full investment news article