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The Cosmetic Center rejects Perfumania merger offer, Perfumania persisting.

This article was originally published in The Rose Sheet

Executive Summary

PERFUMANIA STILL INTENT ON MERGER WITH COSMETIC CENTER despite being rejected on Aug. 7. Miami, FL-based Perfumania said it is looking into different merger/acquisition possibilities with Savage, MD-based The Cosmetic Center. Perfumania noted, however, that it does not plan to raise its $13 per share bid.
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