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
  • Senior Skin Care

    Senior Skin Care

    Christine Esposito, Associate Editor||July 19, 2016
    McCord Research and Product Quest Manufacturing roll out new hospital-grade skin care kits for seniors to use at home.

  • Naterra Expands Tree Hut Range

    Naterra Expands Tree Hut Range

    Melissa Meisel, Associate Editor||July 18, 2016
    New ‘Bare’ collection is out now.

  • An Antioxidant Arsenal

    An Antioxidant Arsenal

    July 11, 2016
    BioRewind is Dermarché Labs' new anti-aging regimen that delivers broad-spectrum antioxidant protection against free radicals

  • Sustainability is Omnipresent

    Sustainability is Omnipresent

    Christine Esposito , Associate Editor||July 1, 2016
    Industry stakeholders convene in New York City for Organic Monitor’s annual event

  • Perceived Perfection

    Perceived Perfection

    Christine Esposito, Associate Editor||July 1, 2016
    From primers to pressed powders, facial cosmetics help create the illusion of a flawless complexion.

  • Preserve & Serve

    Preserve & Serve

    Melissa Meisel , Associate Editor||July 1, 2016
    Suppliers with innovative preservatives provide staying power for formulations.