Scotts Miracle-Gro drops after announcing acquisition of Black Kow

Scotts Miracle-Gro

03/09/2026 16:11

** Shares of U.S. lawn and garden supplier Scotts Miracle-Gro Co SMG.N fall 3% to $58.17 
** Co to acquire gardening products maker Black Kow to  expand its soil amendment portfolio
** SMG has not yet disclosed terms of the deal
** Says acquisition in alignment with SMG 2.0 growth strategy
** 4 of 7 brokerages rate the stock "buy" or above, 3 "hold"; median PT at $77.50 — data compiled by LSEG
** Including session moves, stock has fallen 0.50% this year

 (Reporting by Miraanta Lowrance in Bengaluru)
 ((miraanta.lowrance@thomsonreuters.com))