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Edgewell Personal Care, Harry's Inc. To Merge - Quick Facts

Edgewell Personal Care Company (EPC) has reached an agreement to combine with Harry's Inc. in a cash and stock deal that values Harry's at $1.37 billion. Approximately 79% of the total value of the transaction will be paid in cash and 21% will be paid in Edgewell common stock. Upon completion of the deal, Harry's shareholders will own approximately 11% of Edgewell. The combined company will be led by Edgewell's CEO, Rod Little.

Through the acquisition, Edgewell plans to capitalize on Harry's strength in brand positioning and design to enhance its North American Wet Shave offering.

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