Revlon (REV) Chairman Ron Perelman Buys 600K Shares
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In a filing after the close on Revlon Inc. (NYSE: REV), Chairman Ronald Perelman disclosed purchases of 100,000 shares directly and 500,000 shares indirectly.
Billionaire Perelman took over Revlon in the 80s, but has been unsuccessful in turning the company around.
Recently, Revlon announced 1-for-10 reverse stock split as the stock languishes below $1 per share. [LJ]
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