Swander Pace To Take Cosmetics Co. Private In $65M Deal
Swander Pace agreed to purchase all the outstanding shares of Azusa, Calif.-based Physicians Formula for $4.25 per share in cash, it said. The share price is a roughly 15 percent premium over Physicians Formula's Tuesday closing stock price of $3.68 on the New York Stock Exchange.
The proposed share price is also a 21 percent premium...
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