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Notable Mergers and Acquisitions of the Day 10/02: SBH, QLTI, PWR

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    Last Updated: October 3rd, 2009
    • On September 30, 2009, Beauty Systems Group LLC, a subsidiary of Sally Beauty Holdings (NYSE: SBH), entered into an Agreement and Plan of Merger with Schoeneman Beauty Supply, the shareholders of Schoeneman and F. Dale Schoeneman, as shareholder representative, pursuant to which Schoeneman merged into a wholly-owned acquisition subsidiary of the Company.

      The aggregate merger consideration for the transaction was $71 million, subject to certain adjustments, including an adjustment based on closing date net assets. The Company currently expects to realize approximately $10 million of present value future tax savings as a result of expected future incremental depreciation and amortization

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