The New Ron Perelman Has An Old Problem

Ronald O. Perelman feels good. Trademark cigar in hand, the erstwhile raider looks tan and fit. The no-holds-barred negotiator who seized Revlon Inc. in one of the 1980s' nastiest takeovers now says he's shunning the world of highly leveraged deals, and instead seems eager to burnish his image as a builder and operator of companies.

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