CITY OF INDUSTRY, Calif. and AZUSA, Calif., Dec. 12, 2012 (GLOBE NEWSWIRE) -- Markwins International Corporation ("Markwins" or the "Company") announced today that it has acquired all of the outstanding securities of Physicians Formula Holdings, Inc. (Nasdaq:FACE) ("Physicians Formula") for $75.0 million or $4.90 per share in cash. Physicians Formula stockholders also received a special 3 1/2 cent per share dividend as part of the transaction. The $4.90 per share price represents a premium of approximately 33% to Physicians Formula's closing stock price on August 14, 2012 (the trading day prior to the announcement that Physicians Formula entered into a merger agreement with affiliates of Swander Pace Capital) and a premium of approximately 40% to Physicians Formula's one-month volume-weighted average price as of that same date.
Markwins International Corporation Closes Acquisition Of Physicians Formula Holdings, Inc.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts