Edgewell Personal Care Stock Soars After Rejecting Yellow Wood Partners' $30-Per-Share Takeover Bid

Corporate Action
โดย Yahoo Finance·Read original
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Edgewell Personal Care shares surged 13.7% in afternoon trading after the company rejected an unsolicited takeover offer from private equity firm Yellow Wood Partners. The bid was priced at $30 per share, but the board of the Schick razors maker deemed the offer too low. The rejection signals management's more optimistic view of the company's value and future prospects, which resonated positively with investors. Edgewell Personal Care is up 55.6% year-to-date and trading near its 52-week high of $27.10.

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