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Elizabeth Arden Bonds Due 2021 Jump From 75.40 To 101.90 On Revlon Tender

|Includes: Elizabeth Arden, Inc. (RDEN), REV

eden The bonds due 2021 from Elizabeth Arden where the most heavily traded issue in the U.S. corporate bond market Friday, jumping from 75.40 on Thursday to 101.90 on Friday on a trade-weighted basis on the news of a tender offer from Revlon. The chart below shows the most heavily traded bonds on the day from Kamakura Corporation's KRIS service:


Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.