Energizer rounds out shaving portfolio
This article was originally published in The Rose Sheet
Executive Summary
Firm announces acquisition of S.C. Johnson's Edge and Skintimate shaving creams and gels - which it will combine with its Schick/Wilkinson Sword razor offerings - for $275 mil. "As leading brands in the U.S. men's and women's shave preparation category, Edge and Skintimate are a logical and attractive adjacency for our shaving business," Energizer CEO Ward Klein says. Firm says that in lieu of cash, it may give S.C. Johnson shares of non-voting redeemable preferred stock, with a liquidation preference of $310 mil., and semi-annual dividends. Deutsche Bank Securities advised the battery and personal-care marketer on the deal
You may also be interested in...
Beauty Firms Using AI-Based Tools Could Be Subject To Health Privacy Laws In US States
Using AI-based programs to collect and store consumer information risks running afoul of new health privacy laws cropping up in US states. Lack of federal regulation or guidance on the issue is one of the biggest challenges for beauty firms deploying AI, according to Stacy Marcus, partner at Reed Smith LLP.
Mustang Bio Enters Race For CAR-T In Autoimmune Disease
The biotech company’s CEO talked to Scrip about plans to bring the CD20-targeting CAR-T MB-106 into an investigator-sponsored Phase I trial later this year.
Aldeyra Hopes To Refile Dry Eye Drug Reproxalap Later In 2024
Following an FDA complete response letter last November, Aldeyra has agreed with the agency on a trial design to demonstrate efficacy in ocular discomfort, which the company can complete this year.