Playtex shareholders OK Energizer merger

By Lisa Kerner

Charlotte, N.C., Sept. 27 - Playtex Products, Inc. stockholders voted to approve the company's merger with an Energizer Holdings, Inc. subsidiary at a special meeting on Thursday.

The transaction is expected to close on or about Oct. 1, according to a company news release.

It was previously reported that Energizer entered into a definitive agreement on July 12 to acquire Playtex for $18.30 per share in a deal valued at $1.9 billion, including debt. Energizer planned to finance the acquisition through cash as well as through existing and new committed credit facilities.

Westport, Conn.-based Playtex manufactures and markets products for the skin, feminine and infant care industries.

Energizer, located in St. Louis, manufactures batteries and flashlights and is the parent company of wet shave products manufacturer Schick-Wilkinson Sword.

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