Why Revlon Stock Almost Doubled on Friday
Is Revlon (NYSE: REV) in play?
Many investors are sure convinced it is, as evidenced by the stock's outsize 91% price gain on Friday. It was little wonder, though: A credible media outlet said a global conglomerate is interested in acquiring the storied cosmetics company.
On Friday, ET Now, a financial news show in India, broke the story that, according to unidentified sources, the country's sprawling conglomerate Reliance Industries is interested in bidding for Revlon.
Source Fool.com
