helenoftroy

*💼 TAKEOVER BATTLE: Empower Brands vs Helen of Troy*

Empower Brands raised its offer to *$37 per share* (Oct 12), up from $34 in August.

*The Drama:*
Empower says Helen of Troy's board is refusing to talk - no substantive discussions despite repeated private attempts.

David Maura (Spectrum Brands CEO & Empower Chairman) accuses Helen of Troy of trying to block the deal by demanding overly restrictive terms that would prevent Empower from even telling shareholders about the offer.

Helen of Troy has not commented yet.

*Why it matters:*
Empower owns Remington & Black+Decker appliances.
Helen of Troy owns OXO, Hydro Flask & more.

Combined = much bigger scale in appliances & personal care.

This could become a hostile takeover fight.

#Business #Mergers #HelenOfTroy $RUNE