Physicians Formula, Markwins Amend Merger Agreement, Declare One-Ttime Special Cash Dividend of $0.035/Share

Physicians Formula Holdings, Inc. FACE announced the declaration of a one-time special dividend to stockholders and that Physicians Formula, Markwins International Corporation ("Markwins") and Markwins Merger Sub, Inc. entered into an amendment to the agreement and plan of merger previously entered into by the parties under which Markwins would acquire Physicians Formula via a merger. In connection with the negotiations of the amendment to the merger agreement, Markwins agreed to waive the restrictions in the merger agreement on the payment of a one-time special dividend by Physicians Formula to its stockholders. As a result, on November 15, 2012, the board of directors of Physicians Formula declared a one-time special cash dividend of $0.035 per share payable on December 5, 2012 to stockholders of record as of November 26, 2012. The board of directors sought the waiver to pay the dividend in order to provide compensation to stockholders for the delay of up to one month in the closing of the merger and for the time value of money associated with such delay. Under the terms of the amendment See full press release