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This quiz consists of 5 multiple choice and 5 short answer questions through Part 3: Chapter 13, The Enforcer.

Multiple Choice Questions

1. What was Perelman planning to do when he took over Pantry Pride in 1985?
(a) to create positions for his sons and other family members.
(b) to run the business and get out of doing takeovers
(c) to use Pantry Pride and its income sheltering tax loss to acquire Revlon
(d) to make Pantry Pride attractive to other supermarkets

2. What was Samuel Heyman able to get from Milken?
(a) an office suite in the drexel building
(b) names of Drexel's best investors
(c) an investment-grade rate when he purchased GAF
(d) 100% capital from drexel

3. What two large companies did Drexel underwrite bond issues for in a ten-day period?
(a) Paramount Pictures and General Motors
(b) MGM/UA Entertainment Company and MCI Communications
(c) Disney Studios and the LA Dodgers
(d) Boeing Aricraft and United Supermarkets

4. When were the tax laws changed to minimize the benefits of stripping?
(a) In 1982
(b) In 1990
(c) In 1991
(d) In 1989

5. What made a Wickes takeover so attractive to Sanford Sigoloff?
(a) It was over valued on the Wall Street Stock Exchange.
(b) It was emerging from Chapter 11 bankruptcy with a large tax-loss carryforward
(c) Wickes was his mother's maiden name.
(d) It was losing stock value and had few debts.

Short Answer Questions

1. What often benefited Drexel in dealing with its clients?

2. What did the Milken brothers do probably without notifying Drexel?

3. Why was the partner Groupe Bruxelles Lambert S.A. not happy with Drexel and trying to take it over?

4. Who told Perelman that Revlon was not for sale?

5. Why was Revlon attracting raiders?

(see the answer key)

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