PHYSICIANS FORMULA HOLDINGS TO BE ACQUIRED BY SWANDER PACE CAPITAL

摘要

Physicians Formula Holdings is to be acquired by Swander Pace Capital in a definitive merger agreement for $4.25 per share, or approximately $65m. The cosmetics and skin care company, which will be privately owned, will also remain based in Azusa, California and continue to be managed by the current company's team and employees. The transaction is expected to close later this year.