New York, June 17, 2016 -- Moody's Investors Service, ("Moody's") today placed the ratings of Elizabeth Arden, Inc. ("RDEN"), including its Caa1 Corporate Family Rating (CFR) on review for upgrade. This follows the announcement that Revlon Consumer Products Corporation (Ba3 CFR) will acquire all of the outstanding shares of Elizabeth Arden for $14.00 per share in cash. This represents an enterprise value for Elizabeth Arden of approximately $870 million, including the repayment of RDEN's debt and preferred stock.
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