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NOT A SUBSCRIBER?Perelman seeks Revlon faceliftPosted on April 21, 2009 9:25 AM
Financier Ronald Perelman has devised a $75 million deal to remove Revlon Inc.'s bedraggled Class A common shares from public circulation.
The New York cosmetics maker said Monday that MacAndrews & Forbes Holdings Inc., a Perelman-owned entity, proposed that the 20 million Class A Revlon shares Perelman doesn't control be converted into voting preferred stock worth $3.74 a share. This is a free preview of the content available in The Deal Pipeline. Subscribers enjoy access to the full story, as well as second-to-none research tools. To request a demo, or, if you are an existing user to The Deal Pipeline, log in to your account, please scroll down and click the button. Dig deeper, with Pipeline.
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