# Helen of Troy rejects $37 cash offer from Empower Brands

> Helen of Troy’s board rejected the unsolicited proposal, saying it substantially undervalues the consumer-products company and its standalone plan.

Source page: https://stoqly.net/news/helen-of-troy-rejects-empower-brands-37-offer

- **Published:** 2026-11-04T18:05:00+00:00
- **Section:** In the news
- **Company:** Helen Of Troy Ltd (HELE), https://stoqly.net/companies/hele.md

Helen of Troy Limited (NASDAQ: HELE) said on November 4 that its board unanimously rejected an unsolicited, non-binding proposal from Empower Brands Holdings Group to acquire the company for $37.00 per share in cash. Empower Brands is owned by Spectrum Brands Holdings and Oaktree Capital Management.

Helen of Troy said the proposal substantially undervalues its prospects and argued that continuing its three-phase strategic plan should create more long-term value. The company said it has raised its FY27 outlook, reinvested $66.5 million to $70.5 million of tariff refunds in the business and reduced total debt by about $244 million over the past 18 months.

The board said Empower Brands’ approach was opportunistic and arrived while Helen of Troy was executing a plan focused on its OXO, Osprey, Braun and Olive & June power brands. Helen of Troy said it remains open to opportunities that are in the best interests of shareholders and will consider credible proposals consistent with its fiduciary duties.

**Why it matters** The filing turns the approach into a defined corporate event: Helen of Troy is rejecting the $37 cash proposal while presenting its standalone plan, debt reduction and brand portfolio as the route to higher long-term value.

- Offer price: $37.00 cash per share
- Debt at Q2 FY27 end: $673M company figure
- Debt reduction: $244M over 18 months

- [Helen of Troy Form 8-K, filed November 4, 2026](https://www.sec.gov/Archives/edgar/data/916789/000091678926000141/0000916789-26-000141-index.html)
- [Helen of Troy Exhibit 99.1, proposal rejection, November 4, 2026](https://www.sec.gov/Archives/edgar/data/916789/000091678926000141/ex-991finalhelepressrele.htm)
- [Helen of Troy Exhibit 99.3, investor presentation, November 4, 2026](https://www.sec.gov/Archives/edgar/data/916789/000091678926000141/ex-993helefy27novemberin.htm)

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Written by Stoqly from SEC filings and market data. For information only — not investment advice or a recommendation to buy, sell or hold any security.