Breaking News

CCA Industries Inc. Considers Sale, Merger

November 14, 2005

East Rutherford, NJ-based CCA Industries Inc. has engaged PNC Capital Markets Inc. as the company’s financial advisor to assist the board of directors’ consideratin of a full range of strategic alternatives, company executives added. The company’s goal is to enhance shareholder value through a potential strategic alliance, joint venture, merger, acquisition or sale of the company. “We have been committed to optimizing shareholder value since CCA was formed in 1983,” said executive vice president Ira W. Berman. “However, we do not believe that our accomplishments are adequately reflected in CCA’s share price.”
In other news, the company an-nounced that its board of directors has approved a $0.12 per share cash dividend payable to all holders of shares of the company’s common stock. They added that $0.06 is payable to shareholders of record on April 1, payable May 1 and $0.06 is payable to shareholders Nov. 1, payable Dec. 1. This is the first dividend ever declared by CCA since it became a public company, executives said. The dividend will not be paid to the holders of the Class A stock.
blog comments powered by Disqus
  • What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 24, 2016
    Euromonitor weighs in on the implications for consumer product companies.

  • Henkel Grabs the Sun

    Henkel Grabs the Sun

    Ian Bell, Euromonitor International||June 24, 2016
    Euromonitor's Ian Bell on the impact the purchase will have on the US detergent industry.

  • To The Max

    To The Max

    Melissa Meisel, Associate Editor||June 20, 2016
    Velvet 59 is on the rise at locations like Ricky’s NYC.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.