Revlon Up 3%

Revlon is up almost 3% after the company said in a Securities and Exchange Commission filing it will eliminate approximately 350 positions worldwide. The cuts are part of its “integration restructuring actions” plan tied to the Elizabeth Arden acquisition.

It expects to recognize approximately $65 million to $75 million of total pre-tax restructuring and related charges. It will be paid in cash, with approximately $30 million to $40 million expected to be paid in 2017, with the remaining balance to be paid through 2020.

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