June 21, 2006 |
Panavision Inc. said a board committee had approved an $8.50-a-share offer from controlling stockholder and co-Chairman Ronald Perelman for all of its publicly traded stock. The offer by Perelman's MacAndrews & Forbes Holdings Inc. marks an increase from $8 a share, Woodland Hills-based Panavision, a maker of movie cameras, said in a regulatory filing. Perelman controls 97% of the company, according to Bloomberg data, and Sony Corp. owns 714,300 shares, or 1.8%.
September 19, 1994 |
When federal regulators awarded a series of extraordinarily generous deals to private investors to take over a group of failed savings and loans in late 1988, an outraged Congress forced the government to pare back the agreements. But despite the congressional intervention, one of the biggest beneficiaries of the '88 deals is still reaping large rewards from the bargain he struck with Washington.
May 17, 2005 |
Billionaire financier Ron Perelman won $604.3 million in compensatory damages Monday in his lawsuit accusing investment firm Morgan Stanley of duping him into believing a company was financially successful. The state court jury in West Palm Beach, Fla., said it found clear and convincing evidence that Revlon Inc. Chairman Perelman relied on false statements that Sunbeam Corp., which later changed its name to Sunbeam Products Inc.
July 15, 2005 |
Billionaire financier Ronald Perelman lost an appeal of a lawsuit that accused him of diverting $553.5 million in notes issued by Marvel Entertainment Co. when he was its controlling shareholder. He now faces the prospect of a trial. Marvel, the world's largest comic book company before it filed for bankruptcy protection in 1996, publishes Spider-Man, X-Men and the Incredible Hulk comics.
March 8, 1997 |
Bondholders of Marvel Entertainment Group Inc. claimed victory Friday in the latest round of their fight with financier Ronald Perelman for control of the publisher of Spiderman, X-Men and the Incredible Hulk comics. The bondholders, led by investor Carl Icahn, said Friday that Marvel, which filed for Chapter 11 Bankruptcy Court protection in December, agreed to consider their plan to reorganize the company. As a result, Perelman's group withdrew its competing reorganization plan for Marvel.
April 14, 2005 |
The man who served as billionaire Ronald Perelman's chief negotiator in a corporate deal that soured testified Wednesday that he relied on Morgan Stanley's advice during those talks. Perelman is suing Morgan Stanley for $2.7 billion in damages, alleging that the investment bank knew of accounting irregularities at its client, appliance maker Sunbeam Products Inc., but concealed them so Sunbeam could buy Perelman's stake in camping equipment company Coleman Inc.
November 12, 1997 |
California Federal Bank, the Los Angeles thrift owned by financier Ronald Perelman, is considering an initial public offering of stock early next year, the institution's chairman said Tuesday. "We're strongly considering it, but it's not definite," said Gerald Ford, CalFed's chairman and chief executive. The offering, which could occur as soon as January or February, is expected to raise about $700 million, representing 15% to 20% of the thrift's common stock.
July 30, 2002 |
Ronald Perelman canceled the $128-million sale of his stake in movie-camera maker Panavision Inc. to another company he controls, settling investor claims that he arranged the deal to get out of a bad investment. M&F Worldwide Inc., which is controlled by the billionaire financier, agreed to return the 83% stake in Panavision and debt that Perelman sold it in exchange for $90.1 million in cash and stock he valued at $48 million, M&F officials and shareholders said Monday. M&F shares rose $1.
March 20, 1998 |
Aames Financial Corp. said financier Ronald Perelman and thrift executive Gerald Ford will buy a 9.9% stake in the consumer finance company for about $38 million, possibly signaling an eventual move to buy the company. Perelman and Ford, his partner in California Federal Bank, have agreed to buy 2.78 million newly issued Aames shares for $13.76 a share, Aames said. Ford and Howard Gittis, Perelman's lieutenant at his holding company, MacAndrews & Forbes Holdings Inc.