Helen of Troy Confirms Rejection of Unsolicited, Non-Binding Proposal from Spectrum Brands and Oaktree Capital Management
Determines Proposal Substantially Undervalues Helen of Troy Reiterates Confidence that Execution of Strategic Plan Will Continue to Deliver Enhanced Value Provides Investor Presentation Detailing Long-Term Value-Creation Opportunity Helen of Troy Limited (NASDAQ:HELE) ("Helen of Troy" or the "Company") confirmed today that its Board of Directors (the "Board") has unanimously rejected an unsolicited, non-binding proposal to acquire Helen of Troy for $37.00 per share in cash from Empower Brands Holdings Group, LLC ("Empower Brands"), which is owned by Spectrum Brands Holdings, Inc. (NYSE:SPB) and Oaktree Capital Management, L.P. An investor presentation outlining the Company’s strateg