Spectrum Brands’ Empower Brands offers to buy Helen of Troy for $37 per share

• Empower Brands, jointly owned by Spectrum Brands and Oaktree-managed funds, proposed buying Helen of Troy for $37 per share in cash.
• The proposal implies an enterprise value of approximately $1.6 billion, offering a 28% premium to Helen of Troy’s October 30, 2026, close.
• The offer increased to $37 per share on October 12, 2026, from the initial $34 proposal submitted August 19, 2026.
• Helen of Troy deemed the increased proposal inadequate on October 20, 2026; no definitive agreement has been reached.
• Funding would comprise existing cash, new equity and third-party debt, with no financing contingency; Empower’s debt would be non-recourse to Spectrum.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spectrum Brands Holdings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261104705592) on November 04, 2026, and is solely responsible for the information contained therein.