CCA Industries (CAW) Continues Negotiations Relating to Proposed Acquisition to Take Company Private
CCA Industries, Inc. (Amex: CAW) announced today that its negotiations, relating to the proposed acquisition of the Company by Dubilier & Company as contemplated by its previously disclosed letter of intent dated November 1, 2006 with Dubilier, are making progress.
The Company had a very profitable year in fiscal 2006. The year ended with approximately $20 million in record free cash and with a current asset to current liabilities ratio of about 3.7 to one.
The year end financial statements will be filed with the 10K on or about the middle of February 2007.
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