"Go-Shop" Period for Spectrum-Russell Hobbs Deal Ends
April 12, 2010,
ATLANTA-The "go-shop" period--the time frame in which a company can solicit alternative proposals--has ended for Spectrum Brands' proposed acquisition of Russell Hobbs, formerly known as Salton Inc.
In a company statement, Spectrum Brands said it still expects the deal to be finalized this summer. As announced on Feb. 9, the all-stock transaction would add small-appliance brands such as Black & Decker, George Foreman, LitterMaid, Toastmaster and others to Spectrum's portfolio of products. In addition, Harbinger Capital Partners, owner of Russell Hobbs and holder of 40 percent of Spectrum's shares, would own about 63.7 percent of the combined company.
Other Articles By Author
Von Tobel Cites Brass Textures Among Top Trends
HFN's DIGITAL EDITION
2017 State of the Industry Report
Cautious Optimism, Mixed Results
Many expected 2016 would be a banner year, but the political and economic climate softened consumer confidence. It was also a year consumers spent more lavishly on home remodeling rather than decorating.
ALSO IN THIS ISSUE:
- TJX Unveils First U.S. Homesense Store - In a time when retailers are reducing store counts, TJX continues to get physical.
- Ikea’s Fluid Spaces - The retailer’s new intros reflect multifunctional rooms.
- N.Y. Home Fashions Market Preview - Textile textures get soft and cozy, colors warmer.