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.
November 18, 1993 |
Perelman Invests in TV Infomercial Producer: Financier Ronald Perelman has bought a one-third stake for $25 million in Palm Desert-based infomercial TV producer Guthy-Renker Corp. Guthy-Renker, which had revenue of more than $70 million last year, has produced about a dozen leading infomercials. Perelman's other major interests include a controlling stake in the SCI Television Inc. group of TV stations, New World Entertainment, Genesis Entertainment and Marvel Entertainment.
May 19, 2005 |
Morgan Stanley must pay billionaire financier Ron Perelman $1.45 billion in damages, awarded by a jury that said it found clear evidence the investment firm acted fraudulently in Perelman's 1998 sale of his Coleman camping gear company to Sunbeam Corp. The jury in West Palm Beach, Fla., deliberated for nearly four hours Wednesday before deciding on $850 million in punitive damages. On Monday, the same jury awarded Perelman compensatory damages of $604.3 million.
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.
May 30, 1999 |
Nine out of 10 Hollywood blockbusters end with the same three words: "Filmed in Panavision." In the 40 years since Panavision lenses were first affixed to movie cameras, the Woodland Hills-based company has become the tool of choice for top filmmakers worldwide. Its inventory of precision equipment is unrivaled. Its brand strength remains essentially unchallenged. But over the last year, Panavision Inc. hasn't performed like an industry leader. Quarter by quarter, it continues to lose money.
June 20, 2009 |
Panavision Inc., the longtime supplier of motion picture camera equipment, has replaced Chief Executive William M. Campbell -- after just 10 weeks on the job. The Woodland Hills company, controlled by investor Ronald O. Perelman, said in a statement that William C. Bevins, a longtime associate of Perelman's, had replaced Campbell, the former president of Discovery Networks USA who also had been an executive at ABC, CBS and Warner Bros. Television.