Energizer, Duracell eye stake in Eveready India - Economic Times [Reuters]
Energizer Holdings, Inc. (ENR)
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Source: Reuters
Energizer, Duracell eye stake in Eveready India - Economic Times | Reuters 2 Min Read Feb 12 (Reuters) - U.S. battery makers Energizer Holdings Inc and Duracell International are eyeing a controlling stake in Eveready Industries India Ltd, the Economic Times reported here on Tuesday, citing people involved in the negotiations. Energizer is likely to face competition from rival Duracell International, owned by Warren Buffett’s Berkshire Hathaway Inc , the report added. Energizer already owns the Eveready brand of batteries in the United States and China. Private equity firms Blackstone and KKR & Co Inc , and Indian fund Kedaara are also expected to put in bids, according to the report. All non-binding bids are expected to be submitted this week and the selected bidders will begin diligence following which a binding offer will be made, the report added. Energizer, Blackstone, KKR and Duracell did not immediately respond to a request for comment outside regular business hours. Kedaara wa
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News
- Energizer Holdings, Inc. (NYSE: ENR) had its price target lowered by analysts at Barclays PLC from $36.00 to $32.00. They now have an "overweight" rating on the stock.MarketBeat
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- About Energizer's Net Income Growth, Restructuring And Dividend Growth [Seeking Alpha]Seeking Alpha
ENR
Earnings
- 2/6/24 - Miss
ENR
Sec Filings
- 4/2/24 - Form 4
- 4/2/24 - Form 4
- 2/29/24 - Form 8-K
- ENR's page on the SEC website