Mergers & Acquisitions ·
Empower Brands proposes to acquire Helen of Troy for $37.00 per share in all-cash deal
SPBSpectrum Brands Holdings, Inc.
On November 4, 2026, Empower Brands Holdings Group, LLC, a joint venture between Spectrum Brands and Oaktree Capital Management, submitted a non-binding proposal to acquire 100% of Helen of Troy Limited for $37.00 per share in cash. The offer implies an enterprise value of approximately $1.6 billion and represents a 28% premium over Helen of Troy's closing price on October 30, 2026. This follows previous proposals of $34.00 and $37.00 per share made in August and October 2026, respectively. The transaction is subject to customary closing conditions, including shareholder approval and regulatory clearance, with no financing contingencies anticipated. Spectrum Brands Holdings, Inc. operates as a home-essentials company providing specialty pet supplies, lawn and garden products, pest control solutions, grooming items, and small household appliances.