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 PerelmanMichael MilkenDrexel Burnham Lambertcorporate-raidersronald-perelmanmichael-milkendrexel-burnham-lambertjunk-bonds+4 more
Michael Milken at Drexel Burnham Lambert raised the first major $100 million blind pool for Nelson Peltz and Triangle Industries to finance corporate takeovers. This groundbreaking financial innovation established the template for blind pool financing that would become central to 1980s corporate …
Michael MilkenNelson PeltzDrexel Burnham LambertTriangle Industriescorporate-raidersdrexel-burnham-lambertmichael-milkennelson-peltzjunk-bonds+3 more
Michael Milken at Drexel Burnham Lambert raised the first major $100 million blind pool for Nelson Peltz and Triangle Industries to finance corporate takeovers. This established the template for blind pool financing that would become central to 1980s corporate raider operations, providing raiders …
Michael MilkenNelson PeltzDrexel Burnham LambertTriangle Industriescorporate-raidersdrexel-burnham-lambertmichael-milkennelson-peltzjunk-bonds+2 more