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Perelman aids Texan's bid for Ford unit. (Ronald O. Perelman, Gerald J. Ford, Ford Motor Co.'s First Nationwide Financial Corp.)
American Banker
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April 12, 1994|
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SAN FRANCISCO -- Texas thrift operator Gerald J. Ford, scrambling to finance his bid for Ford Motor Co.'s First Nationwide Financial Corp., has received a commitment form financier Ronald O. Perelman to put up most of the capital.
As bidding for San Francisco-based First Nationwide neared a Monday deadline, people familiar with the matter said Mr Perelman had agreed to provide more than agreed to provide more than 80% of the quality stake for Mr. Foird's bid, which is expected to total nearly $1.1 billion.
The group's financing is also likely to include ...
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