Elizabeth Arden (RDEN) Leaps as Revlon Buys

Elizabeth Arden, Inc. (NASDAQ: RDEN) shares galloped 48.7% to $13.85, after Revlon acquired the company for $14.00 per share in cash, for an enterprise value of around $870 million. Share volume was 31.1 million, compared to an all-day average of 111,000