Helen of Troy Shares Surge Following Takeover Bid from Spectrum Brands Unit
Shares of Helen of Troy (HELE) rose 13% in premarket trading following a takeover offer from Empower Brands, a unit of Spectrum Brands (SPB). The bid is valued at $37 per share and represents the second attempt by the Empower Brands entity to acquire the company. Empower Brands is co-owned by Oakstreet Capital Management. This renewed interest in Helen of Troy suggests ongoing strategic maneuvering within the consumer goods sector as private equity-backed entities seek consolidation opportunities.