Physicians Formula takeover by Markwins approved by stockholders


Acquisition to be made by mid-December, 2012

The acquisition of Physicians Formula Holdings, Inc. by Markwins International Corporation was approved yesterday at the meeting of stockholders.

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The closing of the deal is expected to occur by mid-December, 2012, but is subject to the satisfaction or waiver of remaining closing conditions. Markwins International Corporation will acquire all of Physicians Formula’s outstanding shares of common stock for $4.90 per share or approximately $74.9m.