Add as a preferred source on GoogleEmpower Brands Renews Push for Helen of Troy Takeover Talks
Empower is willing to sign a customary nondisclosure agreement. Its nonbinding proposal is $37 per share and implies about $1.6 billion in enterprise value.
Empower Brands renewed its push Thursday, Nov. 12, for Helen of Troy to enter takeover talks, saying it is willing to sign a customary nondisclosure agreement in connection with its $37-per-share proposal.
Empower is co-owned by Spectrum Brands and Oaktree Capital Management. The earlier nonbinding offer valued Helen of Troy at about $1.6 billion in enterprise value.
Helen of Troy's board rejected the proposal, saying it substantially undervalued the company and was not in shareholders' best interests.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.