ST. LOUIS, Jan. 16, 2018 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) today announced that it has entered into a definitive agreement to acquire Spectrum Brands' (NYSE: SPB) Global Battery and Portable Lighting Business ("Spectrum Batteries") for $2.0 billion in cash.
Energizer Holdings, Inc. (NYSE: ENR ), headquartered in St. Louis, MO, is one of the world's largest manufacturers of primary batteries and portable lighting products and is anchored by its two globally recognized brands Energizer® and Eveready®.
Europe has some of the most stringent regulations on electrification and the green transition but its battery industry lags behind Asian players, with much of Europe's planned battery capacity coming from Japanese, South Korean or Chinese producers with greater know-how.
Chinese investment in Europe is shifting from mergers and acquisitions to greenfield projects mainly in battery production for electric vehicles, according to 2022 data analysed by independent research providers MERICS and Rhodium Group.
Energizer intends to fund the acquisition through a combination of existing cash and committed debt facilities, expected to consist of a new term loan and senior notes. In addition, Energizer intends to maintain its existing senior notes, maturing in 2025. The transaction is subject to customary closing conditions, including regulatory approvals.
Energizer is also a leading designer and marketer of automotive fragrance and appearance products from recognized brands such as Refresh Your Car!®, California Scents®, Driven®, Bahama & Co.®, LEXOL® and Eagle One®.
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Live ChatA number of factors could cause actual results to differ materially from these statements, including, but not limited to risks relating to the Company''s proposed acquisition of Lithionics Battery, including the possibility that the closing conditions to the contemplated transaction may not be satisfied or waived; delay in closing the transaction or the possibility of …
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Live ChatThe company also provides an update on its pending $2 billion acquisition of Spectrum Brands'' battery and portable lighting business. By aftermarketNews Staff. Published: November 16, 2018.
Live ChatFurther, if the acquisition has not been consummated by the termination date and all conditions precedent to Energizer''s obligation to consummate the acquisition have otherwise been satisfied except for one or more of the antitrust conditions, then Energizer would be required to pay Spectrum Brands a termination fee of $100 million.
Live Chat"The acquisition will significantly expand our battery business and enhance our long-term brand building capabilities as we broaden our portfolio, realize meaningful synergies …
Live ChatSpectrum Brands (SPB) closes deal to sell its Global Battery and Lighting Business to Energizer for $2 billion in cash. The company will use the proceeds to reduce debt and expand business.
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Live ChatLOUIS, Jan. 2, 2019 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) announced the closing of its acquisition of Spectrum Brands'' Battery and Portable Lighting Business for the purchase price ...
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Live ChatST. LOUIS, Jan. 2, 2019 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) announced the closing of its acquisition of Spectrum Brands'' Battery and Portable Lighting Business for the purchase price of $2.0 billion in cash, subject to certain adjustments.. About Energizer Holdings, Inc. Energizer Holdings, Inc. (NYSE: ENR), headquartered in St. Louis, MO, is one of the …
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Live ChatST. LOUIS, Jan. 16, 2018 /PRNewswire/ -- Energizer Holdings, Inc. (NYSE:ENR) today announced that it has entered into a definitive agreement to acquire Spectrum Brands'' (NYSE: SPB) Global Battery ...
Live ChatEnergizer Holdings, Inc. Provides Update on Pending $2.0 Billion Acquisition of Spectrum Brands'' Battery and Portable Lighting Business and Announces Agreement to Acquire Spectrum Brands'' Global ...
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