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Perfumania Holdings, Inc (PERF)

  • Apr. 17, 2012, 7:18 PM
    Shareholders unanimously approve the merger of a subsidiary of Perfumania Holdings (PERF) and Parlux Fragrances (PARL). The companies expect to consummate the merger as soon as the conditions to closing are satisfied. PERF -1%, PARL -1.6% AH.
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  • Dec. 27, 2011, 11:12 AM
    Investors aren't taking kindly to Perfumania's (PERF -25.4%) plans to acquire Parlux Fragrances (PARL +79.1%). Thanks to the crash in Perfumania shares, Parlux's shares are trading at just $6.22 - well below $7.91-$8.55/share range the deal valued Parlux at based on Thursday's close.
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  • Dec. 23, 2011, 4:02 PM
    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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Company Description
Perfumania Holdings Inc, through its subsidiaries, is engaged in the manufacture, wholesale and retail of perfumes and fragrances in the United States. It is a wholesale distributor and specialty retailer of perfumes and fragrances.