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Terry Polistina

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