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In Brief: Renaissance/MEM acquisition

This article was originally published in The Rose Sheet

Executive Summary

Renaissance/MEM acquisition: Renaissance Cosmetics completes acquisition of Northvale, N.J.-based MEM Co. fragrance firm, Renaissance announced Dec. 5. The two firms reached an agreement in principle June 24 under which Renaissance would purchase MEM for $19.5 mil. and assume $18.3 mil. of MEM's debt ("The Rose Sheet" July 1, p. 1). The deal was approved by MEM shareholders in November...



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