Seeking Alpha

Retailer Perfumania (PERF) is acquiring perfume maker and trading partner Parlux Fragrances...

Retailer Perfumania (PERF) is acquiring perfume maker and trading partner Parlux Fragrances (PARL) for roughly $170M in cash and stock. Based on Perfumania's Thursday close, the deal values Parlux shares between $7.91/share and $8.55/share (depending on the outcome of shareholder elections) - a 127%-146% premium to what Parlux was trading at before shares were halted. Perfumania shares are also halted.
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