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David Maura

Spectrum Brands, HRG Group to merge in $10 billion deal

Spectrum Brands, HRG Group to merge in $10 billion deal

MIDDLETON, Wis., and NEW YORK — Consumer products giant Spectrum Brands Holdings Inc. plans to combine with its largest shareholder, public holding company HRG Group Inc., in a transaction valued at $10 billion. The companies said Monday that, under the agreement, HRG will effect a reverse stock split in which HRG shareholders will receive in the

Energizer to buy Spectrum Brands’ battery business for $2B

Energizer to buy Spectrum Brands’ battery business for $2B

ST. LOUIS and MIDDLETON, Wis. — Energizer Holdings Inc. plans to acquire the global battery and portable lighting business of Spectrum Brands Holdings Inc. for $2 billion in cash. The deal, announced Tuesday, will add the Rayovac and Varta battery brands — whose products include alkaline, carbon zinc, hearing aid and nickel metal hydride rechargeable batteries as well as

Maura sharpens focus on Spectrum Brands

Maura sharpens focus on Spectrum Brands

MIDDLETON, Wis. — David Maura, executive chairman of Spectrum Brands Holdings Inc., has resigned from HRG Group Inc., which holds a majority stake in the company. Spectrum Brands said Maura’s departure from HRG, a diversified holding company, took effect Nov. 29 and that the move will enable him to further concentrate on helping to develop

Spectrum Brands tabs Maura as executive chairman

Spectrum Brands tabs Maura as executive chairman

MIDDLETON, Wis. — Spectrum Brands Holdings Inc. has named David Maura as executive chairman of its board of directors. The consumer products company said Thursday that Maura, 43, assumes the new role effective immediately. He has served as a Spectrum Brands director since June 2010 and as interim board chairman before becoming the full-time chairman

Spectrum Brands to buy Armored AutoGroup for $1.4 billion

MIDDLETON, Wis. — Spectrum Brands Holdings Inc. plans to acquire automotive products company Armored AutoGroup Parent Inc. from Avista Capital Partners in a $1.4 billion deal. Spectrum Brands said late Tuesday that the agreement has been approved by the boards of both companies, and the transaction is expected to close before the end of Spectrum’s fiscal third quarter on June