Markwins Buys Physicians Formula for $75M

Cosmetics company Physicians Formula Holdings Inc. said it will be bought by privately held peer Markwins International Corp. for about $75 million in cash. The announcement comes two weeks after Physicians Formula said it received a go-private offer from an unnamed party at $4.90 per share, Reuters wrote. The company had earlier agreed to be taken private by Swander Pace Capital for $4.25 per share, in the absence of a more attractive offer.

DealsNorth AmericaUSBriefs