Church & Dwight Co Inc logo

CHD - Church & Dwight Co Inc News Story

$88.55 -0.1  -0.1%

Last Trade - 14/05/21

Sector
Consumer Defensives
Size
Large Cap
Market Cap £15.47bn
Enterprise Value £16.87bn
Revenue £3.54bn
Position in Universe 546th / 6849

BUZZ-Church & Dwight: Surges to record high after acquisition

Thu 28th March, 2019 7:21pm
** Church & Dwight  CHD.N  shares jump 4 pct to record high
$72.09 after co signs deal to acquire women's electric hair
removal products
    ** CHD top performer in S&P 500 Consumer Staples index
 .SPLRCS , which is up 0.4 pct on Thurs. Stock extending winning
streak to 6 days
    ** Household products maker to pay $900 mln, including
earn-out, for Flawless and Finishing Touch brands  urn:newsml:reuters.com:*:nBw1wBGsca
    ** Transaction subject to regulatory approval and other
customary conditions, expected to close in Q2 2019
    ** Co says acquisition expected to increase 2019 cash
earnings by 4 pct
    ** Jefferies in note titled "Smooth Move" says CHD's deal
"another strong acquisition" and financially attractive,
pointing to higher growth/margins and cash EPS accretive
    ** CHD's stock has recovered and then some since Q4 report
on Feb 5; stock fell 7.5 pct to $60.46 that day as U.S. tariffs
bit into profit  urn:newsml:reuters.com:*:nL3N2002SS  urn:newsml:reuters.com:*:nBw7Xgxmfa
    ** YTD, CHD shares up 9.5 pct, just below SPLRCS advance of
10.4 pct

 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))
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