March 2, 2010 |
Ronald O. Perelman is handing over Panavision Inc., the debt-laden camera rental company that is suffering from a steep downturn in movie and TV production, to its creditors. Perelman's holding company, MacAndrews & Forbes Holdings Inc., has reached an agreement in principle with a group of creditors -- including Cerberus Capital Management, the former owner of Chrysler -- for the billionaire investor to give up his controlling stake in the camera maker that has been a fixture on movie sets for decades, according to people familiar with the matter.
May 3, 1989
Sheldon Coleman said he has been fired as president and chief executive of Coleman Co., Wichita, Kan., the maker of Coleman lanterns and other outdoor products. The company was founded by his grandfather. Coleman said Wall Street takeover strategist Ronald O. Perelman, who bought the company six weeks ago, terminated him during a meeting Monday in Houston. Coleman said Perelman's newly formed acquisition company, Lantern Acquisition Corp., hadn't appointed anyone to succeed him.
November 19, 1986 |
Gillette Co., which is trying to block a takeover by investor Ronald O. Perelman, said today that it has subpoenaed records of a number of Wall Street firms in an attempt to establish alleged insider trading links to Perelman. In the action at U.S. District Court in Boston, Gillette sought information from a number of arbitrageurs, which are investment firms that invest in takeover stocks. Included was Boesky & Co., whose chairman, Ivan F.
April 3, 2003 |
Panavision Inc., the leading provider of cameras and lenses to Hollywood, said Wednesday that it named Technicolor Inc. executive Robert Beitcher as its president, effective April 14. Panavision, based in Woodland Hills, is 84% owned by billionaire financier Ronald O. Perelman, who remains its chairman and chief executive. Beitcher, 48, succeeds John Farrand, who resigned in January amid efforts by Panavision to overcome financial losses caused mainly by a heavy debt load.
June 26, 1988
Jonathan Gold's hilarious and irreverent account makes me wonder why he isn't writing every week for Calendar about some aspect of Los Angeles. Where did you find this guy? He's terrific. Right up there with Stephen Brooks on Texas and S.J. Perelman on, well, anything. No, I don't know Gold and, yes, I still want to go to the St. James's Club. JOYCE PERRY Los Angeles
February 8, 1986 |
Compact Video, a Burbank-based video and film services company, wants to buy a much-larger drugstore chain as part of a shuffling of assets among concerns at least partly controlled by New York investor Ronald O. Perelman. The Rhode Island-based chain, Adams Drug, was acquired by Pantry Pride in October, 1984, for $100 million. At the time, it had 446 stores in the Northeast with annual sales of more than $300 million. Compact Video lost $4.2 million on sales of $41.