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Stock Market & Financial Investment News

News Breaks
February 12, 2014
04:55 EDTSPB, SPBSpectrum Brands management to meet with Oppenheimer
Field trip to company headquarters to be held in Middleton, WI on February 19 hosted by Oppenheimer.
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October 2, 2014
08:50 EDTSPBSpectrum Brands management to meet with Deutsche Bank
Meeting to be held in San Francisco on October 2 hosted by Deutsche Bank.
08:07 EDTSPBSpectrum Brands HHI completes acquisition of Tell Manufacturing
Spectrum Brands announced its Hardware and Home Improvement Group has completed the acquisition of privately owned Tell Manufacturing. Financial terms of the accretive, all-cash transaction were not disclosed. A definitive agreement to purchase Tell was announced on September 18.
September 23, 2014
08:00 EDTSPBSpectrum Brands to acquire P&G's European pet food business
Procter & Gamble (PG) announced that Spectrum Brands (SPB) has agreed to buy IAMS and EUKANUBA brands in Europe for an undisclosed amount. In April, P&G announced the sale to Mars of 80% of its global Pet Care business, including North America and Latin America. Europe was not included in that deal with the exception of Russia and Turkey. Mars later agreed to buy an additional 10% of the business in additional markets including Japan, Australia and South Africa. With the Spectrum transaction, P&G now has closed deals or reached agreements to sell 100% of its Pet Care business. The deal will close in 2015, subject to regulatory approvals. The geographic regions included in the acquisition, which account for approximately 10% of P&G’s former pet care global sales, include 42 markets throughout Europe. The business has approximately $200M of annual sales and will provide Spectrum Brands’ United Pet Group division access to the $21B European dog and cat food market which is growing at an estimated 3%-5% annually. The acquisition has been approved by Spectrum Brands' board.
September 18, 2014
08:03 EDTSPBSpectrum Brands acquires Tell Manufacturing
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