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Helen of Troy to acquire P&G's Pur business
EL PASO, Texas — Helen of Troy has signed a definitive agreement to acquire all assets of Procter & Gamble's water purification brand.
The acquisition of P&G's Pur Water Purification Products company includes the worldwide Pur trademark, its current and future product line, assets related to the operations of the Pur business, manufacturing equipment and more than 200 patents. Pur's products, which include faucet mount systems and filters, pitcher systems and filters, as well as refrigerator filters, are sold throughout the United States.
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Taro forms special committee to review Sun offer
HAIFA BAY, Israel — Israel's Taro Pharmaceutical Industries has formed a special committee to review an offer by India's Sun Pharmaceutical Industries for all of the shares of Taro that it doesn't already own, Taro said.
Sun offered Taro $24.50 per share on Oct. 18. Sun has sought to acquire Taro since 2008.
Taro reported a 14.2% increase in sales in second quarter 2011 over second quarter 2010, while profits increased by $19.3 million during the same period.