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Stock Market & Financial Investment News

News Breaks
January 31, 2013
09:10 EDTIPARInter Parfums upgraded to Buy from Neutral at B. Riley Caris
B. Riley upgraded Inter Parfums citing the strong Q4 report and guidance. Price target raised to $27 from $22.50.
News For IPAR From The Last 14 Days
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March 19, 2015
08:03 EDTIPARInter Parfums unit to acquire Procter & Gamble's Rochas brand for $108M
Inter Parfums (IPAR) announced that its majority owned Paris-based subsidiary, Interparfums S.A. has entered into an agreement with The Procter & Gamble Company (PG) to acquire the Rochas brand. This transaction will cover all brand names and registered trademarks for Rochas, mainly for class 3 cosmetics and class 25 fashion. This acquisition will be payable in cash on the closing date for $108M and financed entirely through a medium term loan. This transaction is expected to be completed within the first half of 2015, subject to customary closing conditions.

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