Thursday, July 12, 2007

UPDATE 1-Energizer to acquire Playtex for $1.16 billion

(Reuters) - The deal would allow Energizer to diversify its product
range and grow its personal care product category. Playtex
makes sun-screen products like Banana Boat and Hawaiian Tropic,
and markets a range of feminine care and infant care products.




Energizer will pay $18.30 a share for shares of Playtex, a
premium of 17.9 percent to Playtex's closing price of $15.52 on
Thursday on the New York Stock Exchange.


Read more at Reuters.com Market News

No comments: