StocksMediumUpdated•Originally published 4 November 2026•Updated 4 November 2026•
1 min read
Helen of Troy Shares Surge After Rejecting $37 Per Share Takeover Bid
Key Facts
1Helen of Troy shares surged 22.8% following an upward revision to the company's financial outlook.
The Helen of Troy board of directors rejected a $37 per share takeover bid from Empower Brands. The company stated that the offer undervalues its standalone strategic plan, triggering a 22.8% surge in the stock price.
HELE closed at $29.54 on November 3, 2026, reaching a session high of $30.23 and a low of $29.21. The significant upward movement followed the board's decision to maintain its independent course despite the premium offer from Empower Brands.