|Bid||57.95 x 100|
|Ask||58.21 x 800|
|Day's Range||57.94 - 60.72|
|52 Week Range||57.34 - 118.46|
|Beta (3Y Monthly)||1.95|
|PE Ratio (TTM)||2.32|
|Earnings Date||Nov 19, 2018|
|Forward Dividend & Yield||1.68 (2.55%)|
|1y Target Est||97.22|
A major hospital system based in North Carolina agreed to settle a Justice Department lawsuit, promising to change practices that antitrust enforcers alleged thwarted competition. The antitrust suit against Atrium Health focused on language in its agreements with health insurers that had restricted the insurers from creating plans that steered patients to rivals offering lower prices, according to the Justice Department. Atrium said it would stop enforcing such clauses and not seek them in future contracts in the Charlotte area, where it has a large market share.
Energizer Holdings Inc. said it has agreed to buy another business from Spectrum Brands Holdings Inc. and amended the terms for a pending deal with Spectrum to ease regulatory concerns. The acquisition will be financed through $938 million in cash and $312 million of newly issued equity to Spectrum. Spectrum Auto Care generated net sales of $465 million and $117 million in adjusted earnings before interest, taxes, depreciation and amortization in the year ended June 30.
Energizer Holdings on Thursday said it is acquiring Spectrum Brands’ auto care business for $1.25 billion. The newly announced Spectrum Brands’ deal is subject to closing conditions, including regulatory approvals. The acquisition, according to Energizer, is expected to close in the second fiscal quarter of 2019.
said Thursday that it had agreed to sell its global auto care business to Energizer Holdings Inc. St. Louis-based Energizer will pay Spectrum $937.5 million in cash and $312.5 million in stock. Spectrum's auto care business includes the Armor All, STP and A/C Pro brands, Energizer said in a statement, and posted $465 million in net sales for the fiscal year ended June 30.
Middleton-based Spectrum Brands, which manufactures and markets consumer products like Rayovac batteries, Remington shavers, George Foreman grills and Armor All auto protectants, agreed to sell the global auto care business to Energizer Holdings Inc. of St. Louis in a transaction valued at $1.25 billion.
Consumer products company Spectrum Brands Holdings Inc said on Thursday it would sell its global auto care (GAC) business to battery maker Energizer Holdings Inc in a cash-and-stock deal valued at about $1.25 billion. Energizer said the move will bolster its portfolio with well-known autocare brands such as Armor All, STP motor oils and A/C Pro, as it seeks to diversify and reach more retailers. Energizer will pay Spectrum $937.5 million in cash and $312.5 million in stock.
Spectrum Brands (SPB) gains from its strategic efforts, including management of its business portfolio. However, higher commodity and freight costs remain concerns.
Energizer Holdings Inc. announced Thursday a deal to buy Spectrum Brands Holdings Inc.'s global auto care business in a cash and stock deal valued at $1.25 billion. Spectrum's stock was up 0.7% in premarket trade, while Energizer' stock was still inactive. The battery maker also said it has amended its agreement with Spectrum regarding the proposed $2.0 billion acquisition of Spectrum's battery and portable lighting business, and proposed a remedy to the European Commission's concerns over the acquisition. Energizer said its proposal to the EC includes divesting the Europe-based Varta consumer battery business, which would reduce the expected purchase price to $1.4 billion to $1.5 billion. The purchase of the auto care business will be financed through $938 million in cash and $312 million worth of newly issued shares. Earlier, Energizer reported a fiscal fourth-quarter profit that topped expectations but sales that missed. Energizer's stock has rallied 17% year to date through Wednesday, while Spectrum shares have plunged 39% and the S&P 500 has gained 1.1%.
Consumer products company Spectrum Brands Holdings Inc said on Thursday it would sell its global auto care business to Energizer Holdings Inc in a cash-and-stock deal valued at $1.25 billion. Under terms ...
Spectrum Brands Holdings, Inc. (SPB), a global consumer products company offering a broad portfolio of leading brands and focused on driving innovation and providing exceptional customer service, today announced it has entered into a definitive agreement to sell its Global Auto Care (GAC) business to Energizer Holdings, Inc. (ENR) in a transaction valued at $1.25 billion. The $1.25 billion transaction value is comprised of $937.5 million of cash and $312.5 million of Energizer Holdings Inc. equity.
ST. LOUIS, Nov. 15, 2018 /PRNewswire/ -- Energizer Holdings, Inc. (ENR) ("Energizer" or "the Company") today announced that the Company has entered into an amended acquisition agreement and proposed a remedy for consideration to the European Commission ("EC") in relation to its proposed $2.0 billion acquisition of Spectrum Brands' (SPB) ("Spectrum") Battery and Portable Lighting Business ("Spectrum Battery"). In addition, Energizer also announced that it has entered into a separate definitive agreement to acquire Spectrum Brands' Global Auto Care Business ("Spectrum Auto Care") in a cash and stock transaction valued at approximately $1.25 billion.
Spectrum Brands Holdings, Inc. announced that its Board of Directors today declared a quarterly dividend of $0.42 per share on the Company’s common stock. The dividend is payable on December 18, 2018 to stockholders of record as of the close of business on November 27, 2018.
HRG (SPB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Locust Valley, NY, based Investment company Mittleman Brothers Llc buys Spectrum Brands Holdings Inc, International Game Technology PLC during the 3-months ended 2018-09-30, according to the most recent ...
Bruce Berkowitz (Trades, Portfolio) disclosed Thursday that he added to a Spectrum Brands Holdings Inc. (SPB) position and exited AT&T Inc. (NYSE:T) among several other changes in his $1.1 billion Fairholme Fund (Trades, Portfolio) during the third quarter. Warning! GuruFocus has detected 4 Warning Signs with T. Click here to check it out.
Investment company Fairholme Fund buys Spectrum Brands Holdings Inc, sells AT&T Inc, Fannie Mae, Vista Outdoor Inc during the 3-months ended 2018-08-31, according to the most recent filings of the investment ...
Short interest is low for SPB with fewer than 5% of shares on loan. The net inflows of $95 million over the last one-month into ETFs that hold SPB are not among the highest of the last year and have been slowing.
Spectrum Brands Holdings, Inc. , a global consumer products company offering a broad portfolio of leading brands and focused on driving innovation and providing exceptional customer service, announced today it will release its fiscal 2018 fourth quarter and full year financial results for the period ended September 30, 2018 before the markets open on Monday, November 19.
NEW YORK, Oct. 29, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
Spectrum Brands Holdings, Inc. , a global consumer products company offering a broad portfolio of leading brands and focused on driving innovation and providing exceptional customer service, today announced the appointment of Sherianne James to its Board of Directors and the appointment of Randal D.
Swedish battery manufacturing startup Northvolt has partnered with South Bay Solutions, a Tesla supplier, to jointly set up a plant in Poland to produce battery systems for energy storage companies and the mining industry. Northvolt's plans are seen as a central part of Europe's effort to compete with Asian rivals such as CATL , Samsung and LG Chem , which have gained a lead in the battery market by locking in supply deals with carmakers. The company, founded by former Tesla executive Peter Carlsson, unveiled ambitious plans last year to build a vast cell production factory in Sweden with a planned capacity of 32 gigawatt hours by 2023.
European Union antitrust regulators will rule by Nov. 27 whether to clear U.S. battery maker Energizer Holdings' $2-billion bid for Spectrum Brands' battery and portable lighting business. The company, ...