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Elizabeth Arden

This article was originally published in The Rose Sheet

Executive Summary

Unilever NV will offer approximately 2.3 mil. shares of Arden's common stock at $19.50 per share, company says June 9. Underwriters have a 30-day option to purchase an additional 231,793 shares of common stock to cover overallotments. Arden says it will receive no proceeds from the offering, but will use any net proceeds from exercise of the overallotment option to reduce borrowings under its $200 mil. revolving credit facility...
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