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In Brief: Revlon/Cosmetic Center

This article was originally published in The Rose Sheet

Executive Summary

Revlon/Cosmetic Center: Signs definitive agreement for the merger of Revlon's retail outlet subsidiary Prestige Fragrance & Cosmetics into The Cosmetic Center, the companies jointly announce Nov. 27. Revlon is expected to own "at least" 74% and "up to" 84% of The Cosmetic Center's outstanding common shares, the firms said. The companies announced a non-binding letter of intent Oct. 1 ("The Rose Sheet" Oct. 7 p. 4)...
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