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CEO Calls Off Deal to Take Parlux Private

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By: TOM BRANNA

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A firm run by the chairman and chief executive officer of Parlux Fragrances has withdrawn its offer to take the company private. PF Acquisition of Florida LLC said it removed its offer as “a result of certain developments at Parlux.” The unsolicited $259.55 million offer, made June 14, was for $29 a share, in cash, for all outstanding shares. A board committee from Fort Lauderdale-based Parlux responded about a week later, voicing concerns about the offer’s “significan...

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