Helen of Troy Rejects Empower Brands' $37-Per-Share Acquisition Proposal

01:25 PM EST, 11/04/2026 (MT Newswires) -- Helen of Troy (HELE) said Wednesday its board unanimously rejected Empower Brands' non-binding acquisition proposal of $37 per share in cash. "Helen of Troy believes Empower Brands' proposal is timed to exploit the dislocation in its stock price since Liberation Day, created in part by tariff-related business disruption, while the Company is also in the midst of implementing its strategic plan to restore momentum," the company said. Empower Brands, which is co-owned by Spectrum Brands (SPB) and Oaktree Capital Management, didn't immediately reply to a request for comment from MT Newswires. Price: 36.87, Change: +7.33, Percent Change: +24.81