Del Laboratories Inc. signed a definitive merger agreement in July to be acquired by DLI Holding Corp., a company jointly owned by affiliates of Kelso & Company and Church & Dwight. The transaction was valued at $385 million. Under the agreement, each outstanding share of Del Labs’ common stock will be converted into the right to receive $35 in cash, executives said. The total transaction value is about $465 million including the assumption of approximately $80 million in debt. The tr...