Updated from 11:50 a.m. EDT
Playtex(PYX Quote) was among the NYSE's winners Friday, jumping 15.8% after the company, which makes feminine, infant and skin-care products, agreed to be acquired by Energizer(ENR Quote) for about $1.9 billion, or $18.30 a share.
The acquisition, which also includes the assumption of debt, represents an 18% premium over Playtex's closing price Thursday. "We believe this is a great development for Playtex shareholders and employees," Playtex said in a statement. "It represents a significant premium over our current trading price, and an opportunity for our shareholders to capture the value that has been created at Playtex over the last several years."
Shares of Playtex closed up $2.45 to $17.97, while shares of Energizer gained 94 cents, or 0.9%, to $107.67. ...
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