Navigate this market better. Subscribe for FREE stock alerts and information.

Tuesday, April 22, 2014

LG Household & Healthcare considering bid for Elizabeth Arden, (NASDAQ: RDEN)

LG Household & Healthcare Ltd. said on Wednesday it is considering a bid for U.S.-based cosmetics company Elizabeth Arden as the South Korean firm seeks to grow its overseas business. A spokeswoman at LG Household said the company had not decided yet whether it would launch a formal bid to acquire Elizabeth Arden. She did not elaborate further.

Elizabeth Arden, Inc. is a beauty products company with a range of portfolio of fragrance, skin care and cosmetics brands. Shares of RDEN traded higher by 1.25% or $0.35/share to $28.44. In the past year, the shares have traded as low as $23.45 and as high as $49.47. On average, 306719 shares of RDEN exchange hands on a given day and today's volume is recorded at 338534.



Source