Investing.com -- Edgewell Personal Care Co (NYSE: EPC) shares jumped 10% in after-hours trading Monday following a Bloomberg report that the company rejected an unsolicited takeover offer from private equity firm Yellow Wood Partners.

The Shelton, Connecticut-based maker of Schick razors turned down the offer, which was priced at $30 per share, with the board deeming it too low, according to people familiar with the matter cited by Bloomberg. Shares are currently trading at $25 in the after-hours, after closing at $22.72 per share.

Edgewell's shares have risen approximately 33% this year, bringing the company's market capitalization to around $1.05 billion. When including debt, the personal care products company is valued at roughly $2 billion.

The company, which was formed in 2015 after spinning out from Energizer Holdings Inc (NYSE: ENR), owns several consumer brands including Schick and Wilkinson Sword razors, Hawaiian Tropic sunscreen, and Wet Ones wipes.

Yellow Wood Partners is a Boston-based private equity firm with a portfolio that includes consumer brands such as Chapstick lip balm, Dr. Scholl's foot products, and Noxzema skin care.

The rejection of the takeover bid suggests Edgewell's board believes the company is worth more than the proposed offer price, which appears to have been below current trading levels given the stock's year-to-date performance.