Helen of Troy reaffirms rejection of Empower Brands' $37-per-share offer as undervaluing company
HELE•HELE•HELE•HELE•Helen of Troy's board unanimously rejected Empower Brands' unchanged $37-per-share cash proposal, saying it significantly undervalues the company. The board said its standalone strategy is expected to deliver greater shareholder value, citing a raised fiscal 2027 outlook and expanding margins.
Helen of Troy's board unanimously rejected Empower Brands' unchanged $37-per-share cash proposal, dated October 12, 2026, citing significant undervaluation. The board said it expects its standalone strategy to deliver greater shareholder value, citing a raised fiscal 2027 outlook and expanding margins.
Empower Brands declined an offer to review Helen of Troy's detailed financial plan under a nondisclosure agreement. Helen of Troy has made a summary five-year outlook public.
