The SEC’s Division of Corporation Finance announced that meme coins, including Trump’s $TRUMP token, are classified as ‘collectibles’ and not subject to federal securities laws, creating a significant regulatory precedent in cryptocurrency classification.
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 …
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 …
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 …