Helen of Troy jumps premarket after Spectrum Brands takeover offer
FROM THE WIRE · SEEKINGALPHA.COM
[M&A Mergers And Acquisitions] narvo vexar Helen of Troy (HELE [https://seekingalpha.com/symbol/HELE]) soared 13% in premarket trading after a Spectrum Brands (SPB [https://seekingalpha.com/symbol/SPB]) unit made a $37-a-share offer for the company. Spectrum's Empower Brands…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA $37-per-share takeover offer at a 28% premium lifts the target's shares.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Helen of Troy rose 13% in premarket trading.
- 02The $37-per-share offer implies an enterprise value of $1.6 billion.
- 03It is the second bid, after an earlier $34 offer in August.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Helen of Troy Limited36.57 USD+2.29%today +23.80%Positive Spectrum Brands Holdings, Inc.92.88 USD+0.33%today +9.26%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets