After receiving the Response, Acquisition Co sent a follow-up letter (the 'Follow-up Letter'). The Follow-up Letter stated that Acquisition Co does not expect the Committee to incur any expense until Acquisition Co has obtained its financing commitments and when Acquisition Co completes that task, it would expect to proceed in a customary fashion without any deposit or waiver of the financial and other contingencies and with a break up fee.
At this time Parlux intends to continue operations in the ordinary course and meet its SEC reporting requirements.
Parlux Fragrances Inc is a manufacturer and international distributor of prestige products. It holds licenses for Paris Hilton fragrances, watches, cosmetics, sunglasses, handbags and other small leather accessories in addition to licenses to manufacture and distribute the designer fragrance brands of Perry Ellis, GUESS?, XOXO, Ocean Pacific (OP), Maria Sharapova, Andy Roddick, babyGund and Fred Hayman Beverly Hills.
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