Judge Declines To Block Perfumania's $118M Parlux Buy

Law360, Wilmington (April 20, 2012, 3:56 PM EDT) -- Perfumania Holdings Inc. closed its $118 million purchase of Parlux Fragrances Inc. this week after a Delaware judge spurned a Parlux shareholder's bid to halt the deal in a class action, according to court documents revealed Friday.

On Wednesday, Bellport, N.Y.-based Perfumania announced the completion of the acquistion, in which it paid $62 million in cash and about 6 million of the perfume wholesaler’s shares for Parlux, which makes branded fragrances for Paris Hilton, Jessica Simpson and Kanye West, among other celebrities.

But the deal was...
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