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Revlon Buys Elizabeth Arden For $870 Million

June 16, 2016: 12:00 AM EST
Revlon, Inc. agreed to acquire Elizabeth Arden, Inc. in a deal valued at about $870 million. Under the terms of the purchase deal, Revlon will buy all outstanding shares of Elizabeth Arden for $14 per share in cash. According to the companies, the merger would bring about several strategic benefits, including expanded category mix, channel diversification, and broader geographic footprint.
"Revlon to Acquire Elizabeth Arden for $14.00 Per Share in All-Cash Transaction", Revlon, June 16, 2016, © Revlon Consumer Products Corporation
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