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Elizabeth Arden

This article was originally published in The Rose Sheet

Executive Summary

Firm announces proposed underwritten public offering of 4,000,000 shares of its common stock, according to preliminary prospectus supplement to existing shelf registration statement filed Oct. 2 with the Securities & Exchange Commission. Offering will comprise 2,666,667 shares offered by Elizabeth Arden, in addition to 1,333,333 shares offered by Unilever, although company will not receive any of net proceeds from sale of Unilever shares. Arden says it will use net proceeds to redeem part of its 11 3/4% Senior Secured Notes due 2011...
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