Spectrum Brands: EXEC: Hydro Flask, Osprey Parent Rejects Takeover Offer from Spectrum Brands

Helen of Troy Limited confirmed Wednesday that its Board has unanimously rejected an unsolicited, proposal to acquire the company for $37 per share from Empower Brands Holdings Group, which is owned by Spectrum Brands Holdings, Inc. and Oaktree Capital Management, L.P. Helen of Troy described the proposal as "opportunistic" and said its recently-launched turnaround plan will deliver a better payback for shareholders.