Business Wire·Nov 12, 2026, 5:30 PM ET

Helen of Troy Issues Statement

Helen of Troy's Board of Directors unanimously rejected Empower Brands' unsolicited offer to acquire the company for $37.00 per share in cash.
The Board determined the proposal significantly undervalues the company & its prospects for continued growth & value creation.
Helen of Troy highlighted its new CEO, refreshed Board, & a standalone strategic plan that includes a raised outlook for fiscal 2027, expanding margins, & a strengthened balance sheet.
The Board accused Spectrum Brands & Oaktree of opportunistically seeking to capture the upside inherent in executing Helen of Troy's plan.
Empower Brands declined Helen of Troy's request to share detailed financial plans under a non-disclosure agreement.
Helen of Troy has publicly disclosed its summary-level five-year outlook instead of sharing further details with a competitor.
A previous March 2025 proposal from Spectrum Brands suggesting Helen of Troy acquire its Household & Personal Care business was deemed inappropriate for further discussion.
The Board remains open to opportunities that are in the best interests of shareholders & will consider any compelling proposals that fairly value the company.