Mergers & AcquisitionsMediumUpdated×3•Originally published 4 November 2026•Updated 4 November 2026•
1 min read
Helen of Troy Shares Jump 13% on $1.6 Billion Empower Brands Takeover Bid
Key Facts
1Empower Brands, a unit of Spectrum Brands, made an unsolicited bid to acquire Helen of Troy at $37 per share.
2The new bid values the company at approximately $1.6 billion, up from a previous proposal of $34 per share.
Helen of Troy shares surged 13% in premarket trading on November 4, 2026, following an unsolicited takeover bid from Empower Brands. The Wall Street Journal reported that the all-cash offer of $37 per share values the company at approximately $1.6 billion.
The proposal represents an increase from a previous bid of $34 per share, as Empower Brands—jointly owned by Spectrum Brands and funds managed by Oaktree Capital Management—seeks to finalize the acquisition. HELE closed at $29.54 on November 3, 2026, while SPB closed at $85.01 on the same date.