Prestige Brands Holdings News
Prestige Brands announced that it has signed a purchase agreement with Australia-based The Hydration Pharmaceuticals Trust of Victoria to acquire their over-the-counter (OTC) oral rehydration brand, Hydralyte.
Prestige Brands Holdings was a big mover last session, as the company saw its shares rise nearly 6% on the day.
Prestige Brands (PBH) stock is up following its acquisition of Hydralyte
Prestige Brands Announces Agreement to Acquire Hydralyte,™ the Leading OTC Oral Rehydration Product in AustraliaBusiness Wire 04/15 07:00 ET
TARRYTOWN, N.Y.--(BUSINESSWIRE)-- Prestige Brands Holdings, Inc. (NYSE-PBH) today announced the signing of a purchase agreement for the acquisition of Hydralyte™ in Australia and New Zealand from The Hydration Pharmaceuticals Trust of Victoria, Australia. The acquisition is expected to close, subject to customary closing conditions, during the first quarter of fiscal 2015, which began on April 1, 2014. The acquisition is projected to double the annual revenues of Care Pharmaceuticals, Prestige’s subsidiary in Australia, to approximately $50 million (AUD) for fiscal 2015, and is expected to be accretive to Prestige’s earnings per share for fiscal 2015, exclusive of transaction, integration and purchase accounting items. Prestige acquired Care Pharmaceuticals in July 2013.
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Time to Buy Prestige Brands Holdings (PBH) After Recent Moving Average Crossover? - Tale of the TapeZacks 02/28 10:32 ET
Time to Buy Prestige Brands Holdings (PBH) After Recent Moving Average Crossover?