WILLIAM A. NORRIS, Circuit Judge.
In late 1987, MaxPharma, Incorporated had an option to buy Hamilton Taft & Company's stock from its then-owner, Connecticut General Corporation ("CIGNA"). MaxPharma was unable to arrange financing for the stock purchase using stock as collateral, but Howard Weil Financial Corporation offered to finance the stock purchase using a reverse repurchase (or "repo") of a treasury bill (the "T-bill"), and the parties agreed to finance...
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