April 25, 2006 |
Shares of Panavision Inc., a maker of movie cameras, more than doubled after co-Chairman Ronald O. Perelman offered to buy the portion of the company that he didn't already own. In a letter to Panavision's board, Perelman's MacAndrews & Forbes Holdings Inc. offered $8 a share in cash for Woodland Hills-based Panavision, the company said in a government filing.
January 9, 2003 |
Panavision Inc., a Woodland Hills-based movie-camera maker controlled by billionaire Ronald Perelman, said Chief Executive John Farrand resigned and the company has begun searching for a new CEO. Panavision will be led by Perelman, who is chairman, and an office of the president composed of Chief Financial Officer Bobby Jenkins, Chief Operating Officer Will Paice and General Counsel Eric Golden, Panavision said.
October 2, 2002 |
COURTS * M&F Worldwide Inc. won a judge's approval to settle a lawsuit challenging the fairness of the company's $128-million purchase of billionaire Ronald Perelman's stake in movie camera maker Panavision Inc. Licorice processor M&F and controlling director Perelman were sued in Delaware Chancery Court in 2000 by shareholders who said the financier was selling his 83% stake in Panavision to get rid of an under-performing investment.
May 14, 2002 |
A judge rejected billionaire Ronald Perelman's proposed $14.75-million settlement of investor lawsuits over the sale of his stake in movie camera maker Panavision Inc. Delaware Chancery Court Judge Leo Strine ruled that the agreement shortchanged investors in Perelman-controlled licorice maker M&F Worldwide Corp. M&F's board bought Perelman's Panavision shares for $128 million in April 2001. Strine said the amount of the settlement wasn't enough to justify dropping the suits.
CALIFORNIA | LOCAL
November 21, 2000
Panavision Inc. of Woodland Hills reported a net loss for the third quarter that ended Sept. 30 of $3.8 million, compared with a net loss of $2.2 million for the third quarter last year. Revenue rose to $54.2 million from $53.5 million. Panavision designs and manufactures camera systems and accessories for the film and television industries.
CALIFORNIA | LOCAL
November 14, 2000
Panavision Inc. in Woodland Hills reported a net loss of $3.8 million compared with a net loss of $2.2 million for the same period last year. Revenue rose to $54.2 million over $53.5 million. Panavision designs and manufactures camera systems and accessories for the film and television industries.