Revlon’s Fate Is In Carl Icahn’s Hands

Cosmetics company Revlon’s fate is in Carl Icahn’s hands as it potentially faces bankruptcy if it is unable to restructure its debt. Revlon is pressuring bondholders to tender claims for a third of their face value, according to a press release from the company. Icahn, who owns a significant portion of the makeup company’s debt and could derail the proposed bond exchange, has so far stayed away from the swap. According to reports in the Wall Street Journal, the veteran activist believes the deal doesn’t return enough to the bondholders.Q3 2020 hedge fund letters, conferences and moreTwo Week U…

Read More

HEDGE accordingly