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Stock Market & Financial Investment News

News Breaks
April 15, 2014
07:01 EDTPBHPrestige Brands to acquire Hydralyte from The Hydration Pharmaceuticals Trust
Prestige Brands announced the signing of a purchase agreement for the acquisition of Hydralyte in Australia and New Zealand from The Hydration Pharmaceuticals Trust of Victoria, Australia. The acquisition is expected to close, subject to customary closing conditions, during 1Q115, which began on April 1. The acquisition is projected to double the annual revenues of Care Pharmaceuticals, Prestige’s subsidiary in Australia, to approximately A$50M for FY15, and is expected to be accretive to Prestige’s EPS for FY15, exclusive of transaction, integration and purchase accounting items. Prestige acquired Care Pharmaceuticals in July 2013. Financial terms of the acquisition have not been disclosed. Prestige funded this acquisition, its fifth in the past five years, with a combination of cash on the balance sheet and its existing credit facility with very minimal impact on the company’s leverage ratio or M&A capacity.
News For PBH From The Last 14 Days
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December 11, 2014
10:13 EDTPBHOn The Fly: Analyst Initiation Summary
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07:50 EDTPBHPrestige Brands initiated with an Outperform at Raymond James
Target $37.

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