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Revlon Sets Terms for Rights Offering

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By: TOM BRANNA

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Cosmetics maker Revlon Inc. offered the terms for its $100 million rights offering. Revlon will distribute on transferable subscription right for each share of Class A and Class B stock head by shareholders as of Dec. 11. Each subscription enables rights holders to buy 0.2308 of a share of Class A common stock. Fractional shares will not be issued. The subscription price for each share is $1.05 per share. Each rights holder that exercises the basic subscription privilege in full can also s...

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