As a result of this new competitive threat, Procter & Gamble and Edgewell reduced prices and developed previously unavailable value-priced products, generating significant benefits for consumers. Upon completion of the transaction, Harry's shareholders will own approximately 11% of Edgewell.The Executive Team of the combined company will comprise leaders with strong entrepreneurial and public company experience and will reflect a forward-thinking culture and approach with the ability to attract exceptional talent.This press release and some of our comments contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The Company's earnings press release can be found on its website at https://ir.edgewell.com. Together with Edgewell, we see a significant opportunity to continue delivering on that vision, leveraging Edgewell's advanced technology and global footprint alongside our customer-first approach, brand building expertise and omni-channel capabilities. The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made by or on behalf of Edgewell Personal Care Company ("Edgewell", "we" or "our Company") or any of our businesses. Additional information concerning these and other factors that could cause the Company' s actual results to vary is, or will be, included in the Company' s periodic and other reports filed with the Securities and Exchange Commission. The Federal Trade Commission announced plans to sue to block Edgewell's $1.37 billion acquisition of shave club company Harry's. (Reporting by Aaron Weinman. 2019 Annual Report (pdf) 2019 Proxy Statement (pdf) Investor Presentation May 2020 (pdf) Morgan Stanley Global … The ompany’s earnings press release can be found on its website at https://ir.edgewell.com. "Goldman Sachs & Co. LLC and Perella Weinberg Partners LP are serving as financial advisors to Edgewell and Wachtell, Lipton, Rosen & Katz is serving as Edgewell's legal advisor. “To no longer have it is unfortunate, but at the same time it’s the right thing (for Edgewell) to do and get the full fee.”Participants on the loan can take solace in the ticking fees, or payments to lenders for a delay in closing an acquisition or loan agreement, they’ve accumulated over the last month.The dearth of mergers and acquisitions-related loans enabled Edgewell to leverage strong investor demand for the financing last September. Edgewell and members of Harry’s management team will hold a conference call today, May 9, 2019 at In a separate press release issued today, Edgewell released its results for the second quarter 2019. The federal agency said in a February 3 press release that a merger would have eroded competition in the shaving industry, which is dominated by two main suppliers including Edgewell, and could also potentially drive up consumer prices.Bank of America led the transaction for Edgewell. Detailed Stock Information Latest Documents. We're incredibly proud of the brands we've created and the team we've built, and have tremendous respect for Edgewell and its established brand portfolio. Institutional new money volumes ended 2019 at US$239bn, a 30% year-on-year drop, according to Refinitiv LPC data, as high valuations hindered dealmaking. These statements are not guarantees of performance and are inherently subject to known and unknown risks, uncertainties, and assumptions that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. Edgewell and members of Harry's management team will hold a conference call today, May 9, 2019 at 8:00 a.m. Eastern Time to discuss the transaction, as well as Edgewell's second quarter 2019 results.Together, Edgewell and Harry's will create a platform that enables building and scaling the next generation of impactful consumer brands. Press Releases; Events; Presentations; Financial Reports; Stock Information; Corporate Governance; IR Resources ; Stock Price.
Editing by Michelle Sierra, Kristen Haunss and Jack Doran. Edgewell raised the debt to support a US$1.37bn tie-up with peer Harry’s Inc in September last year. PRESS RELEASE: Statement of Daniel Francis, Deputy Director of FTC Bureau of Competition, Regarding Announcement that Edgewell Personal Care Company has Abandoned Its Proposed Acquisition of Harry’s… The seven-year US$600m loan cleared at 300bp over Libor, after being guided at 300bp-325bp over the benchmark.Already this year, approximately US$15.6bn in institutional loan repayments had been returned to investors by the end of January, according to one portfolio manager’s estimates. This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Harry’s launched as an Internet-only, direct-to-consumer wet shave brand, and in 2016, Harry’s entered into brick-and-mortar retail stores.
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