Revlon's stock fell 37.5 cents a share yesterday, to $20.125, after the acquisition agreement was announced.
This makes it easy to arrange for the vendor(s) to sign a single acquisition agreement.
The shutdown reportedly came after an acquisition agreement fell through earlier in the week.
The announcement of the acquisition agreement was made public on November 2, 2010.
It is the second acquisition agreement in a week involving a large California institution.
Those discussions became significant in February 1995, then proceeded on and off until an acquisition agreement was announced last July 31.
The successful closing of the acquisition agreement was announced on August 27, 2010.
As part of the acquisition agreement, he delayed his retirement from this April to the end of 2001.
Shares of Enron rose yesterday on news of a possible revised acquisition agreement.
The acquisition agreement stipulates he must have ratified work contracts with 9 of the 10 unions at the News before closing.