CCA Industries (CAW) Continues Negotiations Relating to Proposed Acquisition to Take Company Private
CAW Hot Sheet
Dividend Yield: 5.8%
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.
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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