Helen of Troy Buys PUR Water Filters from P&G Tuesday, December 6, 3:37 PM ET
Personal care, health care and household products developer Helen of Troy (NASDAQ:
HELE) said today it has agreed to acquire the PUR Water Purification business from Procter & Gamble (NYSE: PG).
The companies did not disclose financial terms of the deal.
The acquisition includes the PUR trademark, its current and future product line, assets related to the operations of the business, manufacturing equipment, and more than 200 patents.
PUR's sales are expected to exceed $110 million for the twelve months ending December 31, 2012. The brand competes with Clorox's (NYSE:
CLX) Brita water filters, among others.
Helen of Troy said the transaction is expected to close by the end of the month, and will be immediately accretive to earnings.
Helen of Troy shares are ticking higher Tuesday.
For MarketNewsVideo.com, I'm Sayoko Murase.
Wednesday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks
Related symbols: GMO, TRX, PKD, ORIG
Wednesday Sector Leaders: Television & Radio, General Contractors & Builders
Related symbols: SBGI, QVCA, TOL, NWHM
Tuesday Sector Laggards: Paper & Forest Products, Biotechnology Stocks
Related symbols: RTK, ASPN, CDTX, MNTA
Wednesday's ETF with Unusual Volume: IOO
Related symbols: IOO, GE, INTC, DOW
Wednesday's ETF Movers: MCHI, GDX
Related symbols: NTES, BABA, AU, HMY, GDX, MCHI
XBI, JPNL: Big ETF Outflows
Related symbols: XBI, JPNL, ARIA, CLVS
Daily Dividend Report: DHR, ETN, XEL, MIC, AGO, DE
Related symbols: DHR, ETN, XEL, MIC, AGO, DE
Daily Dividend Report: HD, NEE, AET, WMB, PEG, GPC
Related symbols: HD, NEE, AET, WMB, PEG, GPC
Daily Dividend Report: MPW, NHI, XRAY, XL, ABT, NKE, FDX
Related symbols: MPW, NHI, XRAY, XL, ABT, NKE, FDX
Weekly Market Wrap: August 14, 2015
Related symbols: BAC, AMAT, AAPL, S, SYY
Weekly Market Wrap: August 7, 2015
Related symbols: SUNE, BAC, CHK, GRPN, AAPL
Weekly Market Wrap: July 31, 2015
Related symbols: BAC, MU, AAPL, SUNE, FB
Week Ahead Market Report: June 8, 2015
Related symbols: BAC, FTR, AAPL, INTC, MNKD
Week Ahead Market Report: May 18, 2015
Related symbols: BAC, AAPL, VALE, T
Week Ahead Market Report: May 4, 2015
Related symbols: BAC, AAPL, MSFT, ICLD, NOK
All videos » |
Stock market definitions »
Helen of Troy Buys PUR Water Filters from P&G
| Market News Video | Copyright © 2008 - 2017, All Rights Reserved
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.