Ronald Perelman on hostile takeover
From Revlon, Technicolor & MFW: Interview of Ronald Perelman · · UniversityofPennsylvaniaCareyLawSchool
“The uniqueness to us at the time was the size of a hostile deal of that deal. It was probably the largest hostile deal done up until that moment.”
On , Ronald Perelman, Chairman of MacAndrews & Forbes at MacAndrews & Forbes, spoke about hostile takeover during Revlon, Technicolor & MFW: Interview of Ronald Perelman on UniversityofPennsylvaniaCareyLawSchool.
About Ronald Perelman
Ronald Perelman, chairman of MacAndrews & Forbes, has been involved in legal and business discussions regarding the company's history and his role in corporate cases. In a 2019 interview, he described himself as "the world's most tenacious human being" and "probably the most impatient," and discussed his acquisition of Pantry Pride and the hostile takeover of Revlon, which he called "probably the largest hostile deal done up until that moment." He expressed that the key lesson from Delaware corporate law is "transparency and fairness and compliance," and said he believes "the obligation of the board to do what's right" is the most important aspect of the Revlon case. Perelman has also publicly discussed his friendship with Donald Trump, stating in 2015 that he has known Trump for 30 years and considers him a good friend. He said he supports "a lot of his positions" but does not support "throwing out the Mexicans and building a wall on their way out." Additionally, Perelman has been active in philanthropy, including a $25 million gift to establish the Ronald O. Perelman and Claudia Cohen Center for Reproductive Medicine at Weill Cornell Medicine, and a donation for an emergency center at NYU Langone Medical Center, which he described as "the best of its kind in the world."