Revlon bid for Frigitronics
Executive Summary
Revlon has amended its tender offer for Frigitronics shares from $35.50 a share in cash to $29.50 per share "subject to . . . there being validly tendered a majority of the Frigitronics shares outstanding on a fully diluted basis." Revlon said it is amending the offer because of information of Frigitronics' anticipated results for the quarter ended Aug. 31 that indicate" a material deterioration in Frigitronics' business".
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