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Revlon Inc (REV)

REV on New York Consolidated

20.60USD
16 Feb 2018
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Latest Key Developments (Source: Significant Developments)

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's CEO Fabian Garcia steps down

Revlon Inc said on Monday Chief Executive Fabian Garcia was stepping down, two years after taking the helm of the cosmetics company.