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What You Should Know / January 13, 2012

www.bloomberg.com -- Billionaire Manuel Moroun, who beat out Warren Buffett to buy the Ambassador Bridge more than three decades ago, is fighting a plan championed by Michigan Governor Rick Snyder to build a public competitor to the busiest U.S.- Canada border crossing. Moroun, 84, a Detroit trucking-company owner known as Matty, controls his city’s 81-year-old, traffic-choked main link to Windsor, Ontario. He wants to build his own adjoining six- lane span and has lobbied lawmakers and spent more than $1 million on television ads labeling the Republican governor’s idea a boondoggle.

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