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Spectrum 7 was an oil company started by William DeWitt and Mercer Reynolds. In 1984, Spectrum 7 merged with George W. Bush's Arbusto Energy. After the merger, Bush became the Chairman and CEO of Spectrum 7. In 1986, after reporting a net loss of $1.5 million the previous year, Spectrum 7 was purchased by George Soros' Harken Oil and Gas for $2.2 million.
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