Apr 19, 2012 | Global Cosmetic Industry
Perfumania Completes Parlux Acquisition
Perfumania Holdings, Inc. announced it has completed its acquisition of Parlux Fragrances, Inc.
Shareholders OK Parlux, Perfumania merger
Shareholders of Perfumania Holdings and Parlux Fragrances have approved the merger of Parlux and a subsidiary of Perfumania, the companies announced.
Investor sues Parlux, claiming sales price is too low
Fragrance company Parlux is being sued by a shareholder who is claiming that chairman Frederick Purches has undervalued the sale price of the company to the proposed buyers.
Parlux Fragrances Inc. stock jumped 94.52 percent to $6.75 in pre-market trading.
Perfumania Holdings, Inc. and Parlux Fragrances, Inc. Announce Proposed Merger
Perfumania Holdings, Inc. and Parlux Fragrances, Inc. announced today that they have signed a definitive merger agreement under which Perfumania would acquire all of the outstanding shares of Parlux in a transaction valued at approximately $170 million, based on Perfumania's closing stock price of $19.55 per share on December 22, 2011.