Energizer Holdings Inc. (ENR) Surged 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 sharply higher Tuesday, but traded in a range for the bulk of the session. The stock closed up by 7.49 at $59.11 on the highest volume of the year. Energizer surged to its highest level since early May.

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