Retail News

Hydro Flask, Osprey owner receives acquisition proposal valued at $1.6B

Reported by Retail Dive, Dani James on Nov 4, 11:31 AM ET

Empower Brands made an unsolicited offer to purchase all outstanding common stock at $37 per share, alleging Helen of Troy’s board destroyed shareholder value. Empower Brands presented a non-binding proposal to Helen of Troy’s board of directors to acquire all outstanding common equity for $37 per share after not reaching an agreement privately. That would put Helen of Troy — which operates brands such as Hydro Flask, Osprey and OXO — at an implied enterprise value of about $1.6 billion. Helen of Troy did not immediately respond to Retail Dive’s request for comment on the proposal.

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