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When FTC steps in, blade and sunscreen maker steps out.
February 10, 2020
By: Happi Staff
It was the unkindest of cuts. Edgewell Personal Care, the maker of Schick razors, said it abandoned plans to buy upstart rival Harry’s Inc., a week after the Federal Trade Commission sued to block the $1.37 billion deal. Shares of Edgewell Personal Care Co. rose 25% in midday trading today. Investors had been wary of the deal due to the multiple Edgewell had agreed to pay for Harry’s, a company that was growing quickly but losing money. Monday’s gains pushed Edgewell’s total market value to abou...
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