HALISTER: Revlon to Buy Elizabeth Arden for $14/Shr in All-Cash Deal

Revlon to Buy Elizabeth Arden for $14/Shr in All-Cash Deal

(Bloomberg) -- Revlon to buy Elizabeth Arden for 50% premium over today’s close.
  • Deal including repayment of Elizabeth Arden debt and preferred stock implies enterprise value of ~$870m
  • RDEN jumps 47% post-market to $13.70
Statement: Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
RDEN US (Elizabeth Arden Inc)
REV US (Revlon Inc)

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