Sex-Toy Maker LELO Explores Sale Amid Industry Boom [Business News Network (BNN) (Canada)]
Church & Dwight Company, Inc. (CHD)
Last church & dwight company, inc. earnings: 4/30 06:55 am
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Source: Business News Network
The firm, part owned by Chinese buyout firm Trustar Capital, has attracted takeover interest from corporate suitors as well as private equity funds, said the people, who asked not to be identified because discussions are private. Stockholm-based LELO has shelved plans for a London initial public offering after market volatility caused new stock offerings to dry up, the people said. LELO was seeking a valuation of more than £1 billion ($1.3 billion) in the proposed IPO, Bloomberg News reported last September. Deliberations are ongoing, and there's no certainty they will result in a sale, the people said. Representatives for LELO and Trustar declined to comment. The global sexual wellbeing market is forecast to double to more than $62.3 billion in revenue by 2030, helped by the declining stigmas around the products, according to Grand View Research. Beyond LELO, big players in the market include Reckitt Benckiser Group Plc, which makes Durex condoms, as well as Trojan owner Churc
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CHD
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- 2/2/24 - Beat
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