Helen of Troy Board Unanimously Rejects Unsolicited Acquisition Proposal from Empower Brands
Helen of Troy Limited has formally rejected an unsolicited, non-binding $37.00 per share cash acquisition proposal from Empower Brands Holdings Group, LLC.
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Helen of Troy (HELE) stock surged 20% after Q2 earnings beat estimates. EPS jumped 33% and full-year guidance was raised.
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Helen of Troy Limited has formally rejected an unsolicited, non-binding $37.00 per share cash acquisition proposal from Empower Brands Holdings Group, LLC.
Filed: 2026-11-04 AccNo: 0000916789-26-000141 Size: 7 MB Item 7.01: Regulation FD Disclosure Item 9.01: Financial Statements and Exhibits
Empower Brands has proposed an all-cash acquisition of Helen of Troy at $37 per share, valuing the company at approximately $1.6 billion.
Estee Lauder is projected to report Q1 fiscal 2027 earnings on Nov. 2, 2026, with revenues expected to rise 4.8% to $3.65 billion and EPS surging 62.5% to 52 cents. Growth is anticipated from strong skincare and fragrance brands, China demand, digital expansion, and cost-saving initiatives, though makeup and hair care weakness and tariff pressures present headwinds.
UBS analyst Peter Grom maintains Helen Of Troy (NASDAQ:HELE) with a Neutral and raises the price target from $28 to $29.
Helen of Troy (HELE) stock surged 25% in early trading after beating earnings expectations with $0.79 EPS versus expected $0.51, though sales growth remained modest at 2.1%. The earnings beat was primarily driven by tariff refunds rather than operational performance. The stock settled to a 7.2% gain by late morning. Despite the tariff-driven boost, the company maintains positive free cash flow guidance of $130 million and trades at an attractive sub-5x price-to-free cash flow ratio.