Pink Sheet is part of Pharma Intelligence UK Limited

This site is operated by Pharma Intelligence UK Limited, a company registered in England and Wales with company number 13787459 whose registered office is 5 Howick Place, London SW1P 1WG. The Pharma Intelligence group is owned by Caerus Topco S.à r.l. and all copyright resides with the group.

This copy is for your personal, non-commercial use. For high-quality copies or electronic reprints for distribution to colleagues or customers, please call +44 (0) 20 3377 3183

Printed By


Sunscreen acquisitions

This article was originally published in The Tan Sheet

Executive Summary

Energizer Holdings announces July 12 it will acquire Playtex Products, which includes sunscreen brands Banana Boat and Hawaiian Tropic. Under the $1.9 bil. definitive purchase agreement, Energizer will acquire Playtex for $18.30 per share in cash - a 26% premium over the stock's closing price on July 10 and its average stock price for the past 90 trading days - plus the assumption of Playtex's debt. The transaction was approved unanimously by each company's board. Playtex took over the brands in its $83 mil. acquisition of Tiki Hut Holding Co. in April 2007 (1"The Tan Sheet" April 23, 2007, In Brief)...

You may also be interested in...

Environmental Group Scorches Most Sunscreens, Stresses Need For FDA Rule

The Environmental Working Group says its updated review of nearly 1,000 sunscreen products further demonstrates the need for updated FDA safety standards as consumers buy "products that could be completely inadequate for sun protection.

Playtex buys Hawaiian Tropic

Playtex Products has acquired the stock of Tiki Hut Holding Company, the owners of Hawaiian Tropic sun care, for $83 mil. in a deal augmenting Playtex's skin care segment to more than $340 mil. in annual sales, the firm states in an April 19 release. In 2006, net sales of Hawaiian Tropic products in the tanning, sun protection, baby and kids, sunless tanning, after-sun, burn relief and lip protection segments exceeded $110 mil., Playtex says. Hawaiian Tropic was the largest privately held sun care manufacturer in the world. The firm expects to achieve synergies of $11 mil. from the acquisition. The business will be fully integrated by Playtex's fiscal 2009, and by that time it will expect Hawaiian Tropic's operating income to meet operating margin levels of 24%...

Novartis’s ‘Poster Child’ Zolgensma Shows What Gene Therapy Can Do – And Its Limitations

The clinical development head of Novartis Gene Therapies talks about the progress for SMA patients more than seven years after treatment began, and hopes of boosting outcomes by treating pre-symptomatic patients.


Latest Headlines
See All



Ask The Analyst

Ask the Analyst is free for subscribers.  Submit your question and one of our analysts will be in touch.

Your question has been successfully sent to the email address below and we will get back as soon as possible. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts