Click a topic name to visit its page. Uncheck topics to hide them in your view

logo

This website uses cookies to ensure you get the best experience on our website.

Read through our Privacy Policy to learn more.

Candorium Free Members

Join Candorium to access the full article and more

Free Member Benefits:

✔
Comment & Reply
✔
Newsletter Access
✔
Follow Authors
✔
Share via SMS
Already a member? LoginFree Sign Up
 Go Back

Morgan Stanley reveals stock purchase in bankrupt cosmetics company Revlon

By Shubhangi Mathur - Aug 15, 2022, 03:28 PM ET
Last Updated - Jun 10, 2024, 06:57 AM EDT
MS_building
According to a filing, Morgan Stanley’s stake increased by approximately 1,793% in the bankrupt cosmetics company after the purchase

Morgan Stanley (NYSE: MS) on Monday revealed it purchased 400,650 shares in Revlon Inc (NYSE: REV) over the last quarter

Morgan Stanley (NYSE: MS) on Monday revealed it purchased 400,650 shares in Revlon Inc (NYSE: REV) over the last quarter.

Shares of Revlon soared nearly 12% on Monday.

Sponsored

According to a filing, Morgan Stanley’s stake increased by approximately 1,793% in the bankrupt cosmetics company after the purchase.

Revlon filed for Chapter 11 bankruptcy in June, after which the company received approval for a $1.4 billion bankruptcy loan on August 1.

Revlon's shares are down 30% for the year-to-date.

Picture Credits: Reuters

ALSO READ:

Dollar General fined $1.3 million due to worker safety violations

Bayer says it will continue supplying Russia with agricultural inputs

Sponsored
Read More from Market Analysis
FIRST CAPITAL INC Reports $3.2 million Quarterly profit
FTI CONSULTING, INC Reports $61.8 million Quarterly profit
EAGLE FINANCIAL SERVICES INC Reports $7 million Quarterly loss
PARK NATIONAL CORP /OH/ Reports $42.2 million Quarterly profit
Read More from Investing
A massive explosion and fire strikes Iranian port city and injures at least 115 people
Farmstand chic? Décor is awash in fruit and vegetable motifs
Big Tech's soaring energy demands are making coal-fired power plant sites attractive
What to know about the tensions between Iran and the US before their third round of talks
Popular News
Chevron Q1 Earnings Preview: Investors Eye $2.49 EPS and Strong Dividend Streak
Automakers focus on the global market, chide the US over tariffs at Shanghai's auto show
Google Parent Alphabet Beats Profit Forecasts Despite Trump Tariff Turmoil
Swiss leader says Trump administration foresees 'privileged' talks with 15 countries on US tariffs
Big Tech carries Wall Street to the close of its winning, roller-coaster week
JOHN HANCOCK CLOSED-END FUNDS RELEASE EARNINGS DATA
Phillips 66: Q1 Earnings Snapshot
Ethereum Attempts First Major Horizontal Reclaim In Months – Can Bulls Hold the Line?
Latest News
Long, fraught timeline of tensions between Iran and the US as nuclear negotiators to meet again
It's Met Gala time! Get yourself suitable with this guide on what to expect
The US has nearly 900 measles cases, and 10 states have active outbreaks. Here's what to know
How Trump backed away from promising to end the Russia-Ukraine war in 24 hours
What to know about the tensions between Iran and the US before their third round of talks
Lori Vallow Daybell convicted in Arizona of conspiring to kill her estranged husband in 2019
Two major law firms urge judges to permanently block Trump's executive orders
July Fourth parade mass shooting survivors remember victims as gunman skips sentencing hearing
Sponsored
Sponsored
Quick Links
Categories
Our Offices
  • 10kInfo, Inc.
    13555 SE 36th St
    Bellevue, WA 98006
    Phone: +1 (425) 414-0184
  • 10kInfo Data Solutions, Pvt Ltd.
    Claywork Create
    11 km, Arakere Bannerghatta Rd, Omkar Nagar, Arekere,
    Bengaluru, Karnataka 560076
    Phone: +91 80 4902 2100
4.2 20250415