Arden Acquisition Expected to Revive Cosmetic Clout for Revlon

With the market hoping that the union of two aging cosmetics giants can reinvigorate both companies’ brands, Revlon Inc. is all set to acquire Elizabeth Arden Inc. for about $419 million. New York-based Revlon said that including the debt of Elizabeth Arden, the $14-a-share deal values Elizabeth Arden at about $870 million. A 50 percent…