Edgewell Personal Care to buy Harry's for $1.37 bln

Edgewell Personal Care Co said May 9 that it agreed to buy Harry’s Inc in a deal that values Harry’s at $1.37 billion. Edgewell is paying 79 percent of the deal in cash, while 21 percent will be paid in common stock. Once the deal closes Harry's shareholders will own about 11 percent of Edgewell. Harry’s, of New York, is personal care and grooming company known for its shaving products. Harry’s has raised $461.03 million in funding from investors including Alliance Consumer Growth, Temasek Holdings, Tiger Global Management and Wellington Management, PitchBook said.

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