Prestige Consumer Healthcare Finalizes LaCorium Acquisition, Prices $400M Senior Notes
PBH sits 16% above its 52-week low of $42.62.
Summary
Prestige Consumer Healthcare has completed its $150 million acquisition of LaCorium Health, a deal initially announced in May. Concurrently, the company successfully priced its $400 million senior notes offering, which was announced on June 30th. This debt offering represents a significant financing event, providing capital equivalent to approximately 17% of the company's market cap. The company also announced its first quarter fiscal 2027 earnings results date.
At the time of this announcement, PBH was trading at $49.42 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.3B. The 52-week trading range was $42.62 to $80.69. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.