In Brief: L'Oreal/Maybelline merger
This article was originally published in The Rose Sheet
L'Oreal/Maybelline merger: Companies have received a request from the U.S. Department of Justice for "further information about their proposed merger," according to Maybelline. In addition, DOJ, which is conducting the antitrust review, has extended the 15-day review period an additional 10 days. The review period was to expire Dec. 26. "A second request for information is not unusual in a transaction of this size involving participants in the same industry," Maybelline noted, adding that the firms "hope to furnish the requested information as promptly as practical." The companies are still targeting the first 1996 quarter for the closing of the deal. L'Oreal S.A. announced that it would buy Maybelline for $508 mil., or $36.75 a share on Dec. 10...
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