Spectrum Brands to Sell GAC to Energizer for $1.25 Billion

Paul, Weiss is representing global consumer products company Spectrum Brands Holdings, Inc. in the $1.25 billion sale of its Global Auto Care (GAC) business to Energizer Holdings, Inc. Under the terms of the transaction, Spectrum will receive $937.5 million of cash and $312.5 million in Energizer stock. The sale is expected to close in the second fiscal quarter of 2019.

The Paul, Weiss team includes, among others, corporate partners Jeffrey Marell, Ross Fieldston, Eric Goodison, Raphael Russo and Manuel Frey and counsel Philip Heimowitz; intellectual property partner Claudine Meredith-Goujon; litigation partner Walter Rieman and counsel Peter Jaffe and Rachel Fiorill; tax partner David Mayo; real estate partner Mitchell Berg; antitrust counsel Marta Kelly; and environmental counsel William O’Brien.