Breaking News

Arden's Stock Jumps 10%

April 24, 2014

Surge follows talk of acquisition by LG.

One well known beauty company could be opening the door to a big payday for its executives and shareholders. Shares of Elizabeth Arden Inc. RDEN  jumped 10% Thursday on reports the cosmetics maker hired Goldman Sachs to discuss a potential sale.

The news was reported by Reuters , which cited anonymous people familiar with the matter. Elizabeth Arden, which is known for making celebrity-branded perfumes, was targeted for a potential buyout by LG Household & Healthcare Ltd, according to earlier news reports.

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