SAN FRANCISCO - Ronald O. Perelman, the New York financier and majority owner of Revlon Corp., is selling six million shares in one of his less-known investments, Golden State Bancorp, the holding company for the San Francisco thrift California Federal Bank.

In a filing with the Securities and Exchange Commission Tuesday, Golden State registered the stock - 5% if the shares outstanding, and worth about $148 million - for sale. The stock is being sold by a unit of MacAndrew & Forbes Holdings Inc., the holding company for Mr. Perelman's investments.

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