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The best Revlon lipstick  Chicago Tribune

Chicago Tribune

Fri, Nov 26, 2021 05:11 AM PT


How Revlon Lost Its Luster  The Wall Street Journal

The Wall Street Journal

Tue, Mar 09, 2021 12:00 AM PT




Wikipedia



Corporate raid

In business, a corporate raid is the process of buying a large stake in a corporation and then using shareholder voting rights to require the company to undertake novel measures designed to increase the share value, generally in opposition to the desires and practices of the corporation's current management. The measures might include replacing top executives, downsizing operations, or liquidating the company. Corporate raids were particularly common in the 1970s, 1980s, and 1990s in the United States. By the end of the 1980s, management of many large publicly traded corporations had adopted legal countermeasures designed to thwart potential hostile takeovers and corporate raids, including poison pills, golden parachutes, and increases in debt levels on the company's balance sheet. In later years, some corporate raiding practices have been used by "activist shareholders", who purchase equity stakes in a corporation to influence its board of directors and put public pressure on its management.

Wikipedia


Darby Crash

Darby Crash (formerly Bobby Pyn; born Jan Paul Beahm; September 26, 1958 – December 7, 1980) was an American punk rock vocalist who, along with longtime friend Pat Smear (born Georg Ruthenberg), co-founded the punk rock band the Germs. He committed suicide by overdosing on heroin.In the years since his suicide at the age of 22, The Germs have attained legendary status among punk rock fans and musicians alike, as well as from the wider alternative rock and underground music community in general. Crash has come to be revered as a unique and talented songwriter; his myriad literary, musical and philosophical influences, which varied from Frederich Nietzsche and David Bowie to Charles Manson and Adolf Hitler, resulted in lyrics that were unusually wordy and impressionistic in the realm of punk rock at the time, immediately setting Crash and his band apart from most of other Los Angeles punk groups that sprang up in the late 1970s.

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Halle Berry

Halle Maria Berry (; born Maria Halle Berry; August 14, 1966) is an American actress. Born to an American father and English mother, Berry began her career as a model and entered several beauty contests, finishing as the first runner-up in the Miss USA pageant and coming in sixth in the Miss World 1986. Her breakthrough film role was in the romantic comedy Boomerang (1992), alongside Eddie Murphy, which led to roles in films, such as the family comedy The Flintstones (1994), the political comedy-drama Bulworth (1998) and the television film Introducing Dorothy Dandridge (1999), for which she won a Primetime Emmy Award and a Golden Globe Award. Berry won the Academy Award for Best Actress for her performance in the romantic drama film Monster's Ball (2001), becoming the first and, to date, only African-American woman to have won the award. She took on high-profile roles for much of the 2000s, such as Storm in X-Men (2000) and its sequels X2 (2003) and X-Men: The Last Stand (2006); Bond girl Jinx in Die Another Day (2002); and in the thriller Gothika (2003). In the 2010s, she featured in the science-fiction film Cloud Atlas (2012), the crime thriller The Call (2013) and the action films X-Men: Days of Future Past (2014), Kingsman: The Golden Circle (2017) and John Wick: Chapter 3 – Parabellum (2019). Berry was one of the highest-paid actresses in Hollywood during the 2000s, and has been involved in the production of several of the films in which she performed. Berry is also a Revlon spokesmodel. She was formerly married to baseball player David Justice, singer-songwriter Eric Benét, and actor Olivier Martinez. She has two children, one with Martinez and another with model Gabriel Aubry.

Wikipedia


Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc.

Revlon, Inc. v. MacAndrews & Forbes Holdings, Inc., 506 A.2d 173 (Del. 1986), was a landmark decision of the Delaware Supreme Court on hostile takeovers. The Court declared that, in certain limited circumstances indicating that the "sale" or "break-up" of the company is inevitable, the fiduciary obligation of the directors of a target corporation are narrowed significantly, the singular responsibility of the board being to maximize immediate stockholder value by securing the highest price available. The role of the board of directors transforms from "defenders of the corporate bastion to auctioneers charged with getting the best price for the stockholders at a sale of the company." Accordingly, the board's actions are evaluated in a different frame of reference. In such a context, that conduct can not be judicially reviewed pursuant to the traditional business judgment rule, but instead will be scrutinized for reasonableness in relation to this discrete obligation. The force of this statement spurred a corporate takeover frenzy, since directors believed that they were compelled to conduct an auction whenever their corporation appeared to be "in play," so as to not violate their fiduciary duties to the shareholders. Colloquially, the board of a firm that is "in Revlon mode" acquires certain Revlon duties, which requires the firm to be auctioned or sold to the highest bidder. The Court reached this holding in affirming the issuance by the Court of Chancery below of a preliminary injunction precluding Revlon, Inc.

Wikipedia


Ronald Perelman

Ronald Owen Perelman (; born January 1, 1943) is an American banker, businessman and investor. MacAndrews & Forbes Incorporated, his company, has invested in companies with interests in groceries, cigars, licorice, makeup, cars, photography, television, camping supplies, security, gaming, jewelry, banks, and comic book publishing. Perelman holds significant shares in companies such as Deluxe Entertainment, Revlon, SIGA Technologies, RetailMeNot, Merisant, Scantron, Scientific Games Corporation, Valassis, vTv Therapeutics and Harland Clarke. He previously owned a majority of shares in AM General, but in 2020 sold the majority of his shares in AM General along with significant works of art, in light of the impact of the economy on the high debt burdens many of his companies have from leveraged buyouts. In early 2020, Revlon, acquired by Perelman in the 1980s, undertook a debt deal. Previously worth 19.8 billion in 2018, Perelman is, as of September 2020, worth 4.3 billion.

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