Helen of Troy to Acquire Olive & June for $240 Million

MT Newswires Live

2024/11/22

Helen of Troy (HELE) agreed to acquire nail care brand Olive & June for $240 million, including $225 million in cash at closing and a $15 million earnout over three years.

Olive & June's 2024 net revenue is expected to be $92 million, Helen of Troy said Thursday in a statement.

The acquisition, projected to close this year, is expected to be accretive immediately to adjusted per-share earnings and revenue growth rates, Helen of Troy said.

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June for $240 million, including $225 million in cash at closing and a $15 million earnout over three years.</p><p>Olive &amp; June's 2024 net revenue is expected to be $92 million, Helen of Troy said Thursday in a statement.</p><p>The acquisition, projected to close this year, is expected to be accretive immediately to adjusted per-share earnings and revenue growth rates, Helen of Troy said.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2065732104.USD","symbol_name":"ALLSPRING (LUX) WF GLOBAL SMALL CAP EQUITY \"I\" (USD) ACC","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2485424277","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2485424277","pubTimestamp":1732228958,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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