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Dec. 27, 2011, 11:12 AM
Dec. 23, 2011, 4:02 PMRetailer 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. | Comment!
PERF vs. ETF Alternatives
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.
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