Physicians Formula (FACE +2.1%) and Markwins International agree to amend their merger plan,...

|About: Physicians Formula Holdings... (FACE)|By:, SA News Editor

Physicians Formula (FACE +2.1%) and Markwins International agree to amend their merger plan, under which Markwins is acquiring FACE. Under the terms of the amended agreement, Markwins agreed to waive certain conditions to closing that would have been required to be satisfied. Markwins also agreed to increase the amount of the termination fee that it will be required to pay if the merger doesn't close by December 13, 2012 from $3.5M to $4.5M.