November 15, 2018 / 2:20 PM / a month ago

Spectrum Brands to sell global auto care business to Energizer for $1.25 bln

Nov 15 (Reuters) - Consumer products company Spectrum Brands Holdings Inc said on Thursday it would sell its global auto care business to Energizer Holdings Inc in a cash-and-stock deal valued at $1.25 billion.

Under terms of the deal, Energizer will pay Spectrum $937.5 million in cash and $312.5 million in stock. (Reporting by Nivedita Balu in Bengaluru; Editing by Shailesh Kuber)

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