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Revlon's Adam Drug

Executive Summary

MacAndrews & Forbes subsidiary Compact Video, Inc. entered into a letter of intent with Revlon for the purchase of all of the capital stock of Adams Drug. Conditional purchase of the 400-plus retail store chain will cost Compact $80 mil. cash and $15 mil. in junior subordinated notes. Revlon Chairman Ronald Perelman also controls MacAndrews & Forbes.
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PS010767

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