Mergers & AcquisitionsMedium•5 November 2026•
1 min read
Helen of Troy Shares Jump 24% After Rejecting $1.6B Takeover Bid
Key Facts
1Helen of Troy shares jumped 24% after receiving an unsolicited takeover bid at $37 per share.
2The company's board unanimously rejected the proposal, stating it substantially undervalues the firm.
Helen of Troy shares jumped 24% after receiving an unsolicited takeover bid at $37 per share. Tokenpost reported that the company's board unanimously rejected the proposal, stating it substantially undervalues the firm and is not in the best interests of shareholders.
HELE closed at $37.04 on November 4, 2026, slightly exceeding the $37 cash offer price proposed by Empower Brands. During the session, the stock traded between a low of $33.69 and a high of $37.79 on the same date.