Energizer Holdings Inc. (ENR) Has Broken Out To A New High After Acquisition

Energizer Holdings Inc. (ENR) announced Tuesday morning that it has agreed to acquire Global Battery and Portable Lighting Business from Spectrum Brands Holdings Inc. (SPB) for $2.0 billion in cash.

Energizer gapped open higher Tuesday and has spiked to the upside in early trade. The stock is now up 10.38 at $62.00 on above average volume. Energizer has broken out to a new high for the year.

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