Ronald Perelman

Ronald Perelman Receives $750 Million Drexel Blind Pool for Corporate Acquisitions

1985-01-01 00:00:00 +0000 UTC | Importance: 7/10

In 1985, Michael Milken raised a $750 million blind pool for Ronald Perelman through Drexel Burnham Lambert, providing unprecedented capital for corporate takeovers. This financing enabled Perelman to launch a successful hostile takeover of Revlon in November 1985 for $2.7 billion, demonstrating the …

Ronald Perelman Michael Milken Drexel Burnham Lambert corporate-raiders junk-bonds hostile-takeover financial-innovation leveraged-buyout

Ronald Perelman Receives $750 Million Drexel Blind Pool for Corporate Acquisitions

1985-01-01 00:00:00 +0000 UTC | Importance: 8/10

In 1985, Michael Milken of Drexel Burnham Lambert raised a $750 million blind pool for Ronald Perelman, providing him with unprecedented acquisition firepower. This innovative financial mechanism allowed Perelman to execute hostile corporate takeovers, most notably the acquisition of Revlon. The …

Ronald Perelman Michael Milken Drexel Burnham Lambert corporate-raiders ronald-perelman michael-milken drexel-burnham-lambert junk-bonds +4 more