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Prospect News home > News index > List of issuers E > Headlines for Elizabeth Arden, Inc. > News item
Published on 10/27/2008 in the Prospect News Special Situations Daily.

Shamrock buys initial 5.83% stake in Elizabeth Arden

By Lisa Kerner

Charlotte, N.C., Oct. 27 - A group of Elizabeth Arden, Inc. investors led by Shamrock Activist Value Fund, LP bought 1,680,000 shares for $31.17 million for an initial 5.83% ownership interest in the company.

Shamrock reported the purchases in a schedule 13D filed with the Securities and Exchange Commission.

The average price per share was $18.55.

Elizabeth Arden is a Miramar, Fla.-based beauty products company.


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