Revlon $870 million acquisition of Elizabeth Arden

Overview:

• Revlon has acquired Elizabeth Arden in a $870 million deal.
• The deal for the rival beauty products brand comes out to $14 per Arden share.
• The transaction figure includes Elizabeth Arden's debt and preferred stock payments.
• Bank of America Merrill Lynch and Citigroup Global Markets committed $2.6 billion to finance the acquisition.
• Milbank Tweed Hadley & McCloy (David Zeltner, Scott Golenbock) and Paul Weiss Rifkind Wharton & Garrison advised Revlon.
• Weil Gotshal & Manges (Michael Aiello, Howard Chatzinoff) advised Elizabeth Arden.

Kurt Stumpo - Journalist - North America and the Caribbean