Prestige Brands (PBH) Rejects Genomma Lab $16.60/Sh Takeover Offer
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Prestige Brands Holdings, Inc. (NYSE: PBH) said its Board of Directors has unanimously rejected Genomma Lab Internacional, S.A.B. de C.V.’s unsolicited, highly conditional proposal to acquire the Company for $16.60 per share.
The Board has determined that the proposed price is inadequate and the proposal is not in the best interests of Prestige Brands and its stockholders.
The Board has determined that the proposed price is inadequate and the proposal is not in the best interests of Prestige Brands and its stockholders.
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