Edgewell Personal Care Company (EPC) Tops Q1 EPS by 26c, Revenues Beat; Lowers FY20 EPS Guidance
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Edgewell Personal Care Company (EPC) Terminates Merger with Harry's Following Lawsuit by FTC to Block Deal; Will 'Pursue Standalone Value Creation Strategy'
February 10, 2020 6:25 AM ESTEdgewell Personal Care Company (NYSE: EPC) today announced that following the U.S. Federal Trade Commission's ("FTC") filing of a lawsuit seeking to block the proposed transaction, Edgewell terminated its merger agreement with Harry's, Inc. Harry's has informed the Company that it intends to pursue litigation. The Company believes that such litigation has no merit.
Edgewell is now moving forward as a standalone company and is pursuing its strategy to create value for shareholders.
"We are disappointed by the FTC's decision and continue to disagree with its position," said Rod Little, Edgewell's President and... More
