Edition:
United States

Elizabeth Arden Inc (RDEN.O)

RDEN.O on Nasdaq

13.87USD
27 Jul 2016
Change (% chg)

$0.01 (+0.07%)
Prev Close
$13.86
Open
$13.86
Day's High
$13.89
Day's Low
$13.84
Volume
1,384,790
Avg. Vol
689,629
52-wk High
$13.97
52-wk Low
$5.02

Latest Key Developments (Source: Significant Developments)

Revlon increases amount of notes offered from $400 mln to $450 mln
Friday, 22 Jul 2016 06:45am EDT 

Revlon Inc : Increasing aggregate principal amount of notes offered from $400 million to $450 million .Revlon announces pricing of $450 million 6.25 pct senior notes due 2024.  Full Article

Elizabeth Arden sees Q4 net sales up 9.8 pct to about $193 mln
Tuesday, 19 Jul 2016 06:02am EDT 

Elizabeth Arden Inc : Sees Q4 net sales of approximately $193 million, an increase of 9.8% from prior year . Sees q4 net loss attributable to Elizabeth Arden common shareholders of approximately $23.8 million .Q4 revenue view $193.8 million -- Thomson Reuters I/B/E/S.  Full Article

Revlon presentation - expects total costs of about $60 mln to realize synergies from Elizabeth Arden deal
Monday, 11 Jul 2016 08:30am EDT 

Revlon Inc : Presentation- expects total costs of about $60 million over 4 yrs to realize synergies from deal . Presentation- expects total capital investments of about $70 million over 3 yrs after Elizabeth Arden deal Further company coverage: [REV.N] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

S&P says Elizabeth Arden ratings placed on creditwatch positive on acquisition by Revlon
Friday, 17 Jun 2016 03:09pm EDT 

S&P :Elizabeth Arden Inc. ratings placed on creditwatch positive on acquisition by Revlon.  Full Article

Moody's reviews Revlon's ratings for downgrade on announcement to acquire Elizabeth Arden
Friday, 17 Jun 2016 02:47pm EDT 

Moody's :Reviews Revlon's Ratings For Downgrade On Announcement To Acquire Arden Full Article

Elizabeth Arden to pay Revlon $14 mln if merger is terminated
Friday, 17 Jun 2016 06:28am EDT 

Revlon Inc : Elizabeth Arden must pay co $14 million termination fee if merger is terminated following change of recommendation by its board .Co to pay Elizabeth Arden termination fee of $40 million if merger is terminated because co, Revlon consumer products failed to consummate merger.  Full Article

Revlon to acquire Elizabeth Arden for $14.00 per share in all-cash transaction
Thursday, 16 Jun 2016 05:22pm EDT 

Revlon To Acquire Elizabeth Arden For $14.00 Per Share In All : Deal has enterprise value for elizabeth arden of approximately $870 million. . BofA Merrill lynch and citigroup global markets inc. Have committed approximately $2.6 billion of financing to fund acquisition . Revlon inc says transaction has been unanimously approved by both revlon's and elizabeth arden's boards of directors . Cost synergies of approximately $140 million are expected to be achieved through deal . Revlon inc says for 2016, on a standalone constant currency basis, revlon expects to generate net sales between $2.0 billion and $2.1 billion . Scott beattie is expected to join revlon's board of directors as non-executive vice chairman . Revlon inc says for 12 months ending december 31, 2016, combined company would be expected to have annualized net sales of approximately $3 billion . $420 million on a standalone constant currency basis . Revlon inc says moelis & company served as lead financial advisor to revlon . Transaction includes repayment of elizabeth arden debt and preferred stock . Assuming full realization of about $140 million of expected multi-year synergiescost reductions, adjusted ebitda for combined co would be about $560 million .Cash transaction.  Full Article

Elizabeth Arden to buy global license for Christina Aguilera fragrance business
Thursday, 12 May 2016 05:20am EDT 

Elizabeth Arden Inc : Terms of transaction were not disclosed . To acquire global license and certain related assets for Christina Aguilera fragrance business from Procter & Gamble International. .Elizabeth Arden Inc. announces agreement to acquire the Christina Aguilera fragrance brands.  Full Article

Elizabeth Arden Inc reaffirms FY 2015, 2016 earnings guidance
Thursday, 30 Oct 2014 07:30am EDT 

Elizabeth Arden Inc:Expects a modest improvement in adjusted earnings for FY 2015 over the prior year with continued improvement in FY 2016.FY 2015 EPS of $(0.41) - Thomson Reuters I/B/E/S.FY 2016 EPS of $(0.59) - Thomson Reuters I/B/E/S.  Full Article

Elizabeth Arden Inc announces intent to evaluate tender offer by affiliates of Rhône Capital
Wednesday, 27 Aug 2014 12:19pm EDT 

Elizabeth Arden Inc:Says Nightingale Onshore Holdings L.P. and Nightingale Offshore Holdings L.P., investment funds affiliated with Rhône Capital L.L.C., have commenced partial tender offer to acquire up to 6,442,013 shares of company's outstanding common stock.Constituting about 20 pct of such outstanding common stock, at a cash purchase price of $17.00 per share.  Full Article

BRIEF-Revlon announces proposed notes offering

* Revlon inc says its unit is proposing to issue $400 million aggregate principal amount of senior unsecured notes due 2024