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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.