Shares in Florida-Based Parlux Fragrance Drop Sharply When Suitor Loses Deal.
By Dale K. DuPont, The Miami Herald Knight Ridder/Tribune Business News
Jun. 14--Parlux Fragrances shares fell 26 percent Friday after a New York firm withdrew an offer to take the company private.
Quality King Distributors said in a statement that it couldn't get its lenders to OK the all-cash transaction. In the deal announced May 19, Quality King and Parlux Chairman Ilia Lekach offered to buy the Fort Lauderdale company for $4 a share.
This was the second time in less than a year that Quality King has been a potential suitor of Parlux, a p
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