The Wrinkle In Revlon's IpoLeah Nathans Spiro
It's a textbook turnaround case. Since 1992, Revlon Inc.'s share of mass-market cosmetics has soared from 14.7% to 19.4%. Revenues jumped 11% in the first nine months of 1995. Now, Ronald O. Perelman wants his payoff: Early in 1996, he plans to raise $150 million by spinning off up to 20% of the crown jewel in his MacAndrews & Forbes empire.
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