Parlux and Perfumania Extend Their Mutual Confidentiality Agreement
31 Ottobre 2011 - 2:12PM
Parlux Fragrances, Inc. (Nasdaq:PARL) previously announced that on
September 7, 2011, Parlux Fragrances, Inc. ("Parlux" or "the
Company") and Perfumania Holdings, Inc. ("Perfumania"), entered
into a Mutual Confidentiality Agreement to allow the companies to
proceed with discussions and customary due diligence regarding a
possible business combination between Parlux and Perfumania. In
order to allow the parties to explore a potential transaction in an
orderly and efficient manner, Parlux, on the one hand, and
Perfumania and its principal shareholder, on the other hand,
entered into an agreement (the "Agreement") whereby the parties
agreed that, until the earlier of October 28, 2011 or termination
of negotiations in writing by either Parlux or Perfumania, (i)
Perfumania and its affiliates would pursue a business combination
with Parlux exclusively through negotiations with Parlux, (ii)
Parlux would not amend its bylaws to include a provision requiring
advance notice of shareholder nominations to the board of directors
and (iii) Parlux would schedule its annual meeting no sooner than
December 9, 2011.
As of October 28, 2011, both Parlux and Perfumania have agreed
to extend the Agreement until December 2, 2012. In connection with
this extension, Parlux has agreed to hold its annual meeting no
sooner than January 13, 2012.
Representatives of Parlux and Perfumania may continue to engage
in discussions regarding a potential combination of the two
companies. However, they are under no obligation to do so. There
can be no assurance that any agreement between Parlux and
Perfumania regarding a potential business combination will be
reached, or if such an agreement is reached, that such a
transaction will be consummated. Parlux does not intend to provide
further comment or updates with respect to a possible transaction
unless and until an agreement is reached.
ABOUT PARLUX FRAGRANCES, INC.
Parlux Fragrances, Inc. is a manufacturer and international
distributor of prestige fragrances and beauty related products. It
holds licenses and sublicenses to manufacture and distribute the
designer fragrance brands of Paris Hilton, Jessica Simpson, Nicole
Miller, Josie Natori, Queen Latifah, Marc Ecko, Rihanna, Kanye
West, Vince Camuto and Fred Hayman Beverly Hills.
Certain Information Regarding Forward-Looking
Statements
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995, regarding, among other things, our plans, strategies and
prospects, both business and financial. Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause actual results, performance or achievements
of the Company or its industry to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statements. These risks and uncertainties are
discussed in the Company's periodic reports filed with the
Securities and Exchange Commission. Readers are cautioned not to
place undue reliance on these forward-looking statements, which
speak only as of the date thereof. The Company undertakes no
obligation to update forward-looking statements that may be made
herein or otherwise to reflect events or circumstances after the
date hereof or to reflect the occurrence of unanticipated
events.
CONTACT: Parlux Fragrances, Inc.
(954) 316-9008
Frederick E. Purches, Ext. 8116
Raymond J. Balsys, Ext. 8106
Web site: http://www.parlux.com
Grafico Azioni Parlux Fragrances, Inc. (MM) (NASDAQ:PARL)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Parlux Fragrances, Inc. (MM) (NASDAQ:PARL)
Storico
Da Lug 2023 a Lug 2024