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February 18, 2004
By: TOM BRANNA
Editor
Revlon Inc.’s recently announced debt-for-equity swap could reduce MacAndrews & Forbes Holdings Inc.’s stake in the company to less than 65% — a significant drop from the 83% the finance vehicle controlled by Ronald Perelman currently owns, according to a Dow Jones report.Revlon’s webcast today shed more light on the company’s debt reduction plan, which was hailed by analysts as a boon for the cosmetics maker, which has been struggling amid declining cosmetics ...
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