1. Cosmetics maker Revlon to buy Elizabeth Arden in $870 million deal

Cosmetics maker Revlon to buy Elizabeth Arden in $870 million deal

Revlon said on Thursday it was offering $14 per share in cash for Elizabeth Arden.

By: | Published: June 17, 2016 9:15 AM
Revlon Revlon said on Thursday it was offering per share in cash for Elizabeth Arden. (Reuters)

Cosmetics maker Revlon Inc said it would buy Elizabeth Arden Inc for an enterprise value of $870 million.

Revlon said on Thursday it was offering $14 per share in cash for Elizabeth Arden.

The offer price represents a 50.4 percent premium to the stock’s Thursday close.

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