Mergers & Acquisitions ·
Helen of Troy rejects Empower Brands' $37.00 per share acquisition proposal
HELEHelen of Troy Ltd
The Board of Directors of Helen of Troy Limited unanimously rejected an unsolicited, non-binding proposal from Empower Brands Holdings Group to acquire the company for $37.00 per share in cash. The Board determined that the offer substantially undervalues the Company and its long-term growth prospects, particularly given the execution of a three-phase strategic roadmap unveiled by new CEO G. Scott Uzzell. Helen of Troy operates as a global consumer products company with a diversified portfolio of trusted brands including OXO, Hydro Flask, Osprey, Braun, and Olive & June.