S&P: Prestige unchanged

Standard & Poor's said the B+ ratings and negative outlook on Prestige Brands Inc. are not immediately affected by news that Genomma Lab Internacional, SAB de CV has submitted a nonbinding proposal to acquire Prestige Brands Holdings Inc., the parent company of Prestige Brands, for $834 million.

Prestige said the proposal lacks detail and is deemed highly conditional since it would require additional due diligence, significant financing and shareholder approval, S&P said.

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