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Unnamed source offers $67.2 million to complete deal.
September 6, 2012
By: TOM BRANNA
“Masstige” cosmetics company Physicians Formula received an unsolicited, non-binding buyout proposal of about $67.2 million from an unnamed party, according to reports. Physicians Formula Holdings agreed in August to go private in a $65 million, or $4.25 per share, deal with Swander Pace Capital, as previously reported in Happi.
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