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Shamrock buys 359,999 shares of Elizabeth Arden
By Lisa Kerner
Charlotte, N.C., Nov. 6 - A group of Elizabeth Arden, Inc. investors led by Shamrock Activist Value Fund, LP increased their ownership interest to 6.93%, from an initial 5.83% stake reported on Oct. 27, with the purchase of 359,999 shares for a total of $6.03 million.
The shares were acquired between Oct. 27 and Nov. 5, according to a schedule 13D/A filed with the Securities and Exchange Commission.
The average price per share was $16.76.
Shamrock beneficially owns 1,995,664 shares of the Miramar, Fla.-based beauty products company.
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