UPDATE: Trilogy shares jump 12% to record on $37M acquisition of CS Company

Mon, 17 Aug 2015

(Recasts on share price, adds broker comment) By Tina Morrison and Suze Metherell Aug. 18 (BusinessDesk) - Trilogy International shares jumped 12 percent to a record after the skincare products and scented candle maker agreed to buy privately held CS Company, New Zealand's largest independent importer and distributor of fragrances, cosmetics and toiletries, for $37 million in a debt-funded purchase. The shares rose 17 cents to a record $1.57, making them the best performer today on the S&P/NZX All Index. The stock has surged 118 percen...

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