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Helen of Troy
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Helen of Troy rejects $1.6bn takeover proposal from Empower Brands as shares surge 25%
Helen of Troy has rejected an unsolicited $37-per-share cash acquisition proposal from Empower Brands, a business jointly owned by Spectrum Brands and Oaktree Capital Management. With shares rising approximately 25% following the public disclosure, the dispute is shifting towards whether the company's recovery plan can deliver greater value than an immediate cash exit.