Elizabeth Arden Inc (RDEN): New Large Shareholder

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Rhone Capital L.L.C., a large shareholder at Elizabeth Arden Inc (NASDAQ:RDEN) reported the purchase of 99,869 shares of common stock through seventy separate transactions on October 15, 2014, at unit prices ranging from $15.665 to $16. Rhone Capital now indirectly owns a total of 3,274,438 shares. This acquisition method has already been used by Rhone Capital earlier this month, and is set to position the institution as the largest shareholder by the end of the current

By the end of the second quarter of 2014, Chuck Royce’s Royce & Associates was the largest shareholding institution Elizabeth Arden Inc (NASDAQ:RDEN), amongst those we track, with a total of 578,925 shares of common stock, for an estimated value of $12.4 million. Those figures were reached after a reported 54% increment in the total number of shares, a change that has not been replicated through the second half of the year, allowing for a takeover by Rhone Capital.

Elizabeth Arden Inc (NASDAQ:RDEN) is a beauty products company with a range of portfolio of fragrance, skin care and cosmetics brands.

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