Spectrum Brands (SPB) Declares $0.33 Quarterly Dividend; 1.5% Yield

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Go back to Spectrum Brands (SPB) Declares $0.33 Quarterly Dividend; 1.5% Yield

UPDATE: Spectrum Brands (SPB) to Acquire Armored AutoGroup in $1.4B Deal

April 28, 2015 4:32 PM EDT

(Updated - April 28, 2015 5:43 PM EDT)

Spectrum Brands (NYSE: SPB) has signed a definitive merger agreement to acquire Armored AutoGroup Parent Inc. (Armored AutoGroup) from Avista Capital Partners for $1.4 billion in cash and assumed debt.

Armored AutoGroup is a consumer products company consisting primarily of the renowned Armor All® and STP® brands, two of the most recognizable brands in the automotive aftermarket appearance products and performance chemicals/additives categories, and the market-leading A/C PRO® brand in the do-it-yourself automotive air conditioner recharge category.

Armor All® has the #1 U.S. market... More