Enterprise Group of Funds of Atlanta has announced plans to introduce a mutual fund focused on corporate takeovers. Enterprise will launch the Enterprise Mergers and Acquisitions Fund in the first quarter of 2001, the company announced.

Gabelli Asset Management of Rye, New York will manage the fund. The fund will practice merger arbitrage and will invest in companies believed to be acquisition targets 12 to 18 months in the future, according to the announcement.

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