Revlon’s Arden Deal Seen Boosting Debt Now, Cutting Costs LaterBy
Cost savings will make measure of indebtedness look better
Revlon sees expense reductions happening within five years
When Revlon Inc. announced that it was buying Elizabeth Arden Inc. for about $419 million last month, it said the combined company would generate enough cost savings to keep a measure of indebtedness relatively low for a junk-rated borrower.
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