Tranche Update on Spectrum Brands Holdings, Inc.'s Equity Buyback Plan announced on July 24, 2018.
January 30, 2020 at 11:09 pm IST
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From October 1, 2019 to December 29, 2019, the company has repurchased 3,030,946 shares, representing 6.21% for $187.88 million. With this, the company has completed the repurchase of 7,972,710 shares, representing 15.47% for $456.42 million under the buyback announced on July 24, 2018.
Spectrum Brands Holdings, Inc. is a diversified global branded consumer products and home essentials company. The Company is a supplier of specialty pet supplies, lawn and garden and home pest control products, personal insect repellents, shaving and grooming products, personal care products, and small household appliances. Its segments include Home and Personal Care (HPC), Global Pet Care (GPC), and Home and Garden (H&G). The HPC segment consists of its global small kitchen and personal care appliance businesses. The GPC segment consists of its global pet care business. The H&G segment consists of home and garden, insect control, and cleaning products businesses. It offers a portfolio of brands including Tetra, DreamBone, SmartBones, Natureâs Miracle, 8-in-1, FURminator, Healthy-Hide, Good Boy, Meowee! and others. It manufactures and distributes its products globally in North America, Europe, Middle East & Africa (EMEA), Latin America (LATAM), and Asia-Pacific (APAC) regions.