• Empower Brands renewed its Helen of Troy bid on November 12, 2026, following the board's November 4 rejection.
• The all-cash offer remains $37 per share, valuing Helen of Troy at approximately $1.6 billion including debt.
• Empower Brands is jointly owned by Spectrum Brands and Oaktree-managed funds; an Empower affiliate holds approximately 4.5% of Helen of Troy.
• The bidder remains open to discussions that could support an improved proposal, questioning Helen of Troy's ability to deliver its standalone turnaround.
• Empower expects to complete due diligence and finalize a merger agreement within 45 days, with no financing contingencies.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spectrum Brands Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-26-017312), on November 12, 2026, and is solely responsible for the information contained therein.