Revlon (REV) Announces Reverse Stock Split; Guides Below for Q1 Revs
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Revlon, Inc. (NYSE: REV) announced today that its Board of Directors approved a reverse split of Revlon's Class A and Class B common stock at a 1-for-10 split ratio.
Also, the Company is providing preliminary financial results for the first quarter 2008:
Net sales of approximately $320 million, compared to $328.6 million in the first quarter of 2007. (Consensus is $350.10 million)
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