Skadden Aids MacAndrews In $480M MFW Buyout

Law360, New York (September 12, 2011, 5:27 PM EDT) -- M&F Worldwide Corp. announced Monday that MacAndrews & Forbes Holdings Inc. would buy up the MFW stock it did not already own for roughly $480 million and take the company private.

Both companies are part of Ronald Perelman’s business empire, and the proposed $25 per-share deal gives the privately held MacAndrews & Forbes control of MFW’s various interests in financial services, data management and licorice products.

MacAndrews & Forbes, which already owns 43 percent of MFW’s outstanding common stock, initially proposed paying $24 per share in...
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