June 14, 2013
SEC Settles with Revlon Over Misleading Shareholders in Going Private Deal
Yesterday, as noted in this press release, the SEC settled charges with Revlon that it misled shareholders during a “going private transaction.” The company paid $850k. The SEC’s said that Revlon did not want to disclose the third-party financial adviser’s view on the adequacy of the transaction’s consideration. Here is an article and DealBook piece about the settlement…