Physicians Formula Holdings, Inc. to be Acquired by Swander Pace Capital for $4.25 Per Share

 
Physicians Formula Holdings, Inc. (Nasdaq:FACE) ("Physicians Formula" or the "Company") and Swander Pace Capital ("Swander Pace") announced today they have entered into a definitive merger agreement under which affiliates of Swander Pace will acquire Physicians Formula. Under the terms of the merger agreement, Swander Pace, through its affiliates, will acquire all outstanding shares of the common stock of Physicians Formula for $4.25 per share in cash, or approximately $65 million. The per share price represents a premium of approximately 15% over Physicians Formula's closing stock price on August 14, 2012 and a 21% premium to the Company's one-month volume-weighted average price of $3.50 per share.
Published: 15 August 2012
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The Home Depot Agrees To Acquire U.S. Home Systems

The Home Depot® and U.S. Home Systems, Inc. ("USHS") today announced a definitive merger agreement for The Home Depot to acquire USHS.  USHS, based in Irving, Texas, is currently an exclusive provider of kitchen and bath refacing products and services as well as closet and garage organizational systems to The Home Depot.

Under the terms of the agreement, The Home Depot will acquire USHS for $12.50 per share in cash which represents an approximately 38% premium over USHS' closing price on The NASDAQ Global Market on August 6, 2012. The agreement was unanimously approved by USHS's board of directors.  The acquisition is expected to close by the end of the calendar year, and is subject to approval by USHS stockholders, applicable regulatory approval and customary closing conditions.

Published: 07 August 2012
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Blue Nile Announces Second Quarter 2012 Financial Results

Second Quarter Sales of $91.0 million, Representing Growth of 13.0%

Second Quarter Earnings Per Diluted Share Total $0.11

Company Repurchased 1.5 Million Shares Through August 1, 2012

Blue Nile, Inc. (NILE), the leading online retailer of diamonds and fine jewelry, today reported financial results for its second quarter ended July 1, 2012.

Net sales increased 13.0% to $91.0 million for the second quarter ended July 1, 2012. Operating income for the quarter totaled $2.3 million, representing an operating margin of 2.6% of net sales. Net income totaled $1.6 million, or $0.11 per diluted share.

Published: 03 August 2012
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United Online Reports Second Quarter 2012 Results

    Board of Directors Approves Preliminary Plan to Separate into Two Independent Publicly-Traded Companies
    Consolidated Revenues of $231.9 Million, Operating Income of $16.9 Million and Adjusted OIBDA of $35.2 Million
    FTD Segment Revenues and Segment Adjusted OIBDA Increase Year Over Year for Sixth Consecutive Quarter After Adjusting for Timing of U.K. Mother’s Day
    Memory Lane, Inc. Completes Acquisition of schoolFeed, Inc.

United Online, Inc. (UNTD), a leading provider of consumer products and services over the Internet, today reported financial results for its second quarter ended June 30, 2012.

Published: 02 August 2012
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Lowe's confirms non-binding proposal to RONA Board to acquire RONA for C$14.50 in cash per share

  • Lowe's non-binding proposal provides an attractive premium to RONA shareholders, compelling strategic logic for both companies and important commitments to RONA's key stakeholders
  • Under Lowe's proposal RONA would remain a Quebec-based company with the Canadian head office in Boucherville, Quebec
  • Lowe's seeking friendly negotiation with RONA Board of Directors

Lowe's Companies Inc. (NYSE:LOW - News) ("Lowe's" or the "Company") confirmed today that it has made a non-binding proposal to the Board of Directors of Canadian home improvement and hardware retailer RONA Inc. (TSX:RON.TO - News) ("RONA") to acquire all of the issued and outstanding common shares of RONA for C$14.50 in cash per share.

Published: 31 July 2012
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