On Nov. 12, Empower Brands renewed its effort to open acquisition talks with Helen of Troy after Helen of Troy's board rejected a $37-per-share proposal implying about $1.6 billion in enterprise value.
The proposal is nonbinding. Empower said it was prepared to accept confidentiality terms in discussions about the proposal.
At $37 per share, the proposal implies about $1.6 billion in enterprise value. Helen of Troy's board said the price undervalued the company and accepting it would not serve shareholders' interests.
Spectrum Brands and Oaktree Capital Management jointly own Empower Brands.
