Cosmetics maker Revlon Inc. (REV) has agreed to buy rival Elizabeth Arden Inc. (RDEN) for about $870 million in cash. Shares of Elizabeth Ardent surged a near 50 percent following the news.
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Cosmetics maker Revlon Inc. (REV) has agreed to buy rival Elizabeth Arden Inc. (RDEN) for about $870 million in cash. Shares of Elizabeth Ardent surged a near 50 percent following the news.