Revlon Inc (REV) Key Developments | Reuters.com
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Revlon Inc (REV)

REV on New York Consolidated

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30 Jun 2016
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Latest Key Developments (Source: Significant Developments)

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

S&P places ratings of Revlon Consumer Products on creditwatch negative on acquisition of Elizabeth Arden
Friday, 17 Jun 2016 02:32pm EDT 

S&P : Revlon Consumer Products Corp. ratings placed on creditwatch negative on acquisition Of Elizabeth Arden . Believe that the acquisition could result in meaningful deterioration of the company's credit measures at closing .Placing ratings on Revlon, including its 'b+' corporate credit rating, on creditwatch with negative implications.  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

Revlon revlon reports Q1 adjusted earnings $0.25/shr
Friday, 6 May 2016 07:30am EDT 

Revlon Inc : Revlon reports first quarter 2016 results . Q1 sales $439.6 mln . Q1 adjusted shr $0.25 . Q1 shr $0.21 .U.S. consumer net sales decreased slightly by 0.5 pct in Q1.  Full Article

Revlon Inc completes acquisition of CBBeauty and SAS & Company
Thursday, 30 Apr 2015 04:30pm EDT 

Revlon Inc:Says it has acquired CBBeauty and SAS & Company.  Full Article

Revlon Inc announces election of Roberto Simon as executive vice president and chief financial officer - Form 8-K
Tuesday, 23 Sep 2014 09:25am EDT 

Revlon Inc:On Sept. 22, Revlon's board of directors elected Roberto Simon as executive vice president and chief financial officer, effective as of Sept. 30.Simon’s election as Revlon’s EVP & CFO fills the vacancy in that position created by departure from company of former executive vice president, chief financial officer and chief administrative officer, Lawrence Alletto.  Full Article

BRIEF-Moody's reviews Revlon's ratings for downgrade on announcement to acquire Elizabeth Arden

* Reviews Revlon's Ratings For Downgrade On Announcement To Acquire Arden Source text for Eikon: Further company coverage: