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Markwins Completes Physicians Formula Deal

Now owns popular "masstige" mineral makeup brand.

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By: TOM BRANNA

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Markwins International Corporation has acquired all of the outstanding securities of Physicians Formula Holdings, Inc. for $75.0 million or $4.90 per share in cash. The per share price represents a premium of approximately 33% to Physicians Formula’s closing stock price on August 14, 2012 and a premium of approximately 40% to Physicians Formula’s one-month volume-weighted average price as of that same date, as previously reported in Happi. Upon the closing of the merger,...

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