Spectrum Brands Holdings, Inc. filed a current report on Form 8-K on November 12, 2026, disclosing that Empower Brands Holdings Group, LLC issued an open letter and investor presentation to Helen of Troy Limited shareholders in connection with Empower Brands' previously announced proposal to acquire all of the outstanding common equity of Helen of Troy.

Key Highlights

  • Open letter issued: Empower Brands confirmed it delivered an open letter to Helen of Troy shareholders on November 12, 2026, regarding its acquisition proposal.
  • Investor presentation released: Empower Brands also released a corporate investor presentation supporting the proposal, filed as Exhibit 99.2.
  • Joint ownership structure: Empower Brands is described in the filing as the Home & Personal Care business jointly owned by Spectrum Brands Holdings, Inc. and funds managed by Oaktree Capital Management, L.P.
  • Existing share stake: As of the filing date, an affiliate of Empower Brands directly beneficially owns 1,049,356 common shares, par value $0.10 per share, of Helen of Troy.
  • No books-and-records access: The filing states that neither the Company nor Empower Brands has had any access to the books and records of Helen of Troy as of the date of the filing.

Spectrum Brands Discloses Empower Brands' Pursuit of Helen of Troy Acquisition

According to the filing, Spectrum Brands Holdings, Inc. (NYSE:SPB) reported on November 12, 2026 that Empower Brands Holdings Group, LLC, the Home & Personal Care business it jointly owns with funds managed by Oaktree Capital Management, L.P., issued an open letter to shareholders of Helen of Troy Limited. The letter relates to Empower Brands' previously announced proposal to acquire all of the outstanding common equity of Helen of Troy.

The filing discloses that Empower Brands simultaneously released a corporate investor presentation supporting the proposal. Both the press release and the presentation were attached as exhibits to the report. The filing notes that any information concerning Helen of Troy contained in the filing "has been taken from, or based upon, publicly available information," and that neither the Company nor Empower Brands takes responsibility for the accuracy or completeness of such information. As of the filing date, an affiliate of Empower Brands directly beneficially owns 1,049,356 common shares, par value $0.10 per share, of Helen of Troy.

The filing states that the Company, Empower Brands, and their respective directors and certain executive officers "may be considered participants in the solicitation of proxies in connection with the proposed transaction." The document notes that the Company may file one or more proxy statements, tender offer statements, or other documents with the SEC in connection with the proposal, subject to future developments. The filing includes forward-looking statements and cautions that those statements are subject to risks and uncertainties that may cause actual results to differ materially, including the risk that a transaction with Helen of Troy may not be consummated.

What Was Disclosed

Spectrum Brands Holdings filed an 8-K on November 12, 2026, reporting that its jointly owned Home & Personal Care business, Empower Brands, published an open letter and investor presentation directed at Helen of Troy shareholders in support of a proposal to acquire all outstanding common equity of Helen of Troy.