Spectrum Brands' Empower Brands Proposes to Buy Helen of Troy for $37 a Share in Cash

09:59 AM EST, 11/04/2026 (MT Newswires) -- Spectrum Brands' (SPB) home and personal care unit Empower Brands proposed to buy Helen of Troy (HELE) for $37 a share in cash, according to a Wednesday statement. The offer values Helen of Troy at an enterprise value of about $1.6 billion and represents a 31% premium to its 30-day volume-weighted share price as of Oct. 30, Empower Brands said. Empower Brands already holds about 4.5% of Helen of Troy and raised its bid from $34 a share first submitted on Aug. 19, Empower Brands said. The deal carries no financing contingency and a combination would generate about $2.9 billion in annual revenue, Empower Brands said. Shares of Helen of Troy were up 20% in Wednesday trading. Price: 90.73, Change: +5.82, Percent Change: +6.85