Revlon (REV +2.3%) agrees to pay $850K in fine to settle allegations it withheld information...

|By:, SA News Editor

Revlon (REV +2.3%) agrees to pay $850K in fine to settle allegations it withheld information from shareholders regarding a going-private transaction. The company found itself in hot water after failing to tell investors an outside adviser found the terms of a voluntary exchange of $107M debt to a controlling shareholder were inadequate.