Mergers: With Their Own Money

As a merger magician, Meshulam Riklis, 44, fits into a niche all his own. Starting in Minneapolis as a $50-a-week securities analyst, he stitched together a conglomerate composed of retailing, clothing, textile and theater companies with $1.4 billion a year in sales. Overextended and debt-laden, Riklis' empire almost collapsed five years ago. He rallied by selling off a big chunk of his complex to raise funds. Last week he climaxed his comeback by capturing his richest corporate prize yet: Schenley Industries, Inc.

Enough Schenley stockholders accepted a tender offer to give Riklis'...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!