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Revlon Boosted Marketing, Product Cuts To Follow $150 Mil. Investment

This article was originally published in The Rose Sheet

Executive Summary

Revlon plans to accelerate several elements of its growth strategy using $150 mil. in cash from a funding proposal by investment firm MacAndrews & Forbes, which is wholly-owned by Revlon's majority investor, Chairman Ronald Perelman, the company announced Dec. 18

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Finance In Brief

P&G tender offer results: Procter & Gamble owns 79.17% of the total registered share capital and about 84.9% of the value of the outstanding shares of Wella following the close of the second and final tender offer period, the company announces June 26. Ownership includes controlling interest secured through P&G's purchase agreement with majority owners. Approximately 9 mil. voting shares and 10.2 mil. preference shares were tendered, representing 20.5% and 43.5%, respectively, of each class of share, the firm says. Under German takeover law, P&G needed to acquire 95% acceptance in order to squeeze out remaining shareholders. The company says it will move ahead with plans to integrate the German hair care manufacturer following regulatory approval. Henkel, which had acquired 6.86% share capital in Wella prior to P&G's acquisition, tendered its stake...

Finance In Brief

P&G tender offer results: Procter & Gamble owns 79.17% of the total registered share capital and about 84.9% of the value of the outstanding shares of Wella following the close of the second and final tender offer period, the company announces June 26. Ownership includes controlling interest secured through P&G's purchase agreement with majority owners. Approximately 9 mil. voting shares and 10.2 mil. preference shares were tendered, representing 20.5% and 43.5%, respectively, of each class of share, the firm says. Under German takeover law, P&G needed to acquire 95% acceptance in order to squeeze out remaining shareholders. The company says it will move ahead with plans to integrate the German hair care manufacturer following regulatory approval. Henkel, which had acquired 6.86% share capital in Wella prior to P&G's acquisition, tendered its stake...

Revlon Stabilization, Growth Plan Execution Underway

Revlon brand advertising, pricing and in-store displays will be undergoing changes as Revlon begins executing the "stabilization and growth" phase of its revitalization initiative, President and CEO Jack Stahl said during the company's fourth quarter and year-end results presentation March 13

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