Energizer to Spend $1.16 Billion to Acquire Playtex

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ST. LOUIS -- The Energizer Bunny is taking on skin care products, wet wipes and sippy cups. Energizer Holdings Inc., known for its infinitely running bunny, will buy Playtex Products Inc. for $1.16 billion as the company expands its portfolio of personal care products.

St. Louis-based Energizer is offering $18.30 per share for Playtex Products Inc., the companies said in announcing the deal late Thursday. The price represents an 18 percent premium over Playtex's closing stock price Thursday.

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Energizer to Spend $1.16 Billion to Acquire Playtex

Playtex, based in Westport, Conn., may be best known for the feminine care products that make up 35 percent of its net sales, but it acquired Hawaiian Tropic in th...

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