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Article: Del Laboratories Inc. to be Acquired in $465 Million Transaction.
- Article from:
- PR Newswire
- Article date:
- July 2, 2004
CopyrightCOPYRIGHT 2004 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Del Laboratories Inc. announced today it has signed a definitive merger agreement to be acquired by DLI Holding Corp., a company jointly owned by affiliates of Kelso & Company and Church & Dwight, Co., Inc. , in a cash transaction valued at $385 million. Under the merger agreement, each outstanding share of Del Laboratories common stock will be converted into the right to receive $35 per share in cash. The total transaction value is approximately $465 million, including the assumption of approximately $80 million of debt.
Dan K. Wassong, Chairman, President and Chief Executive Officer of Del Laboratories, said, "I am delighted that we have reached this ...
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Article: Del Laboratories reports first-quarter results.
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... ... ended March 31, 1990. DEL LABORATORIES, INC. Three months ended ... Treasury Stock Method. Del Laboratories, Inc., under its brand ... Melvyn C. Goldstein, vice president-finance of Del Laboratories, 516-293-7070 ...
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