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Rayovac Corp

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BUSINESS
August 23, 2003 | From Bloomberg News
Rayovac Corp. agreed to buy closely held Remington Products Co. for about $165 million in cash to enter the more profitable razor business. The purchase, which totals $322 million after the assumption of debt, will add to profit next year, Madison, Wis.-based Rayovac said. Rayovac is cutting reliance on batteries amid slowing sales and competition from Gillette Co. and Energizer Holdings Inc. Rayovac shares rose 65 cents to $14.25 on the NYSE.
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BUSINESS
January 5, 2005 | From Associated Press
Battery maker Rayovac Corp.'s announcement that it will purchase privately held United Industries Corp., maker of lawn care and pet supply products, for about $546 million in stock and cash was cheered Tuesday by Wall Street as an opportunity by Rayovac to transform itself into a more diversified company. Rayovac shares rose 17% to a record high. The deal will allow Atlanta-based Rayovac, third behind Gillette Co.'s Duracell and Energizer Holdings Inc.'s Energizer in the U.S.
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BUSINESS
January 4, 2005 | From Reuters
Battery maker Rayovac Corp. is close to a deal to acquire privately held United Industries Corp., a maker of lawn and garden products, for about $500 million in cash and stock in a bid to diversify its product mix, sources said. The transaction, which includes the assumption of about $900 million in United Industries debt, could be announced as early as today, the sources said. Shares of Atlanta-based Rayovac fell $1 to $29.56 on the New York Stock Exchange.
BUSINESS
January 4, 2005 | From Reuters
Battery maker Rayovac Corp. is close to a deal to acquire privately held United Industries Corp., a maker of lawn and garden products, for about $500 million in cash and stock in a bid to diversify its product mix, sources said. The transaction, which includes the assumption of about $900 million in United Industries debt, could be announced as early as today, the sources said. Shares of Atlanta-based Rayovac fell $1 to $29.56 on the New York Stock Exchange.
BUSINESS
March 26, 1998
* Rayovac Corp. announced a $9.5-million restructuring that will result in about 60 jobs being cut to reduce costs. The battery maker said it expects to save about $5 million annually after full implementation of the changes, expected early next year. * Thousands of small businesses--including restaurants, barbershops and funeral parlors--would not have to pay licensing fees for piped-in copyrighted music under a bill passed by the House of Representatives and that now goes before the Senate.
BUSINESS
August 27, 1996 | Times Staff and Wire Reports
Rayovac to Sell 80% of Its Equity: The Madison, Wis.-based company said the investment firm of Thomas H. Lee Co. agreed to buy 80% of the nation's third-largest battery maker. Neither closely held Rayovac Corp. nor Thomas H. Lee Co., a Boston-based buyout firm, would disclose the terms of the agreement. Rayovac trails Ralston-Purina Group's Eveready and Duracell International Inc. with about 25% of the battery market.
BUSINESS
January 19, 2001 | Reuters
Rayovac Corp., the No. 3 battery maker in the United States, said it will cut about 280 domestic jobs, or about 8% of its global work force, as part of an $18-million restructuring plan. The company will lay off about 240 employees when it closes its Wonewoc, Wis.-based lantern battery plant, which Rayovac said it expects to complete by August 2001.
BUSINESS
January 5, 2005 | From Associated Press
Battery maker Rayovac Corp.'s announcement that it will purchase privately held United Industries Corp., maker of lawn care and pet supply products, for about $546 million in stock and cash was cheered Tuesday by Wall Street as an opportunity by Rayovac to transform itself into a more diversified company. Rayovac shares rose 17% to a record high. The deal will allow Atlanta-based Rayovac, third behind Gillette Co.'s Duracell and Energizer Holdings Inc.'s Energizer in the U.S.
BUSINESS
March 25, 2002 | Associated Press
Rayovac Corp. said it has developed a new rechargeable battery that will take only 15 minutes to recharge. The technology will cut recharging time from one hour for its most powerful rechargeable batteries, designed for high-drain devices such as digital cameras, the Madison, Wis.-based battery maker said.
BUSINESS
July 30, 2002
* Humana Inc. said second-quarter profit rose to $45.4 million, or 27 cents a share, from $25.1 million, or 15 cents, a year earlier. Revenue advanced 13% to $2.8 billion from $2.5 billion. * El Paso Electric Co. will be allowed to continue selling electricity and natural gas at market prices, U.S. regulators said. * Rayovac Corp. agreed to buy the consumer-battery business of German rival Varta for $262 million in cash as the third-largest U.S battery maker tries to boost sales overseas.
BUSINESS
August 23, 2003 | From Bloomberg News
Rayovac Corp. agreed to buy closely held Remington Products Co. for about $165 million in cash to enter the more profitable razor business. The purchase, which totals $322 million after the assumption of debt, will add to profit next year, Madison, Wis.-based Rayovac said. Rayovac is cutting reliance on batteries amid slowing sales and competition from Gillette Co. and Energizer Holdings Inc. Rayovac shares rose 65 cents to $14.25 on the NYSE.
BUSINESS
January 19, 2001 | Reuters
Rayovac Corp., the No. 3 battery maker in the United States, said it will cut about 280 domestic jobs, or about 8% of its global work force, as part of an $18-million restructuring plan. The company will lay off about 240 employees when it closes its Wonewoc, Wis.-based lantern battery plant, which Rayovac said it expects to complete by August 2001.
BUSINESS
March 26, 1998
* Rayovac Corp. announced a $9.5-million restructuring that will result in about 60 jobs being cut to reduce costs. The battery maker said it expects to save about $5 million annually after full implementation of the changes, expected early next year. * Thousands of small businesses--including restaurants, barbershops and funeral parlors--would not have to pay licensing fees for piped-in copyrighted music under a bill passed by the House of Representatives and that now goes before the Senate.
BUSINESS
August 27, 1996 | Times Staff and Wire Reports
Rayovac to Sell 80% of Its Equity: The Madison, Wis.-based company said the investment firm of Thomas H. Lee Co. agreed to buy 80% of the nation's third-largest battery maker. Neither closely held Rayovac Corp. nor Thomas H. Lee Co., a Boston-based buyout firm, would disclose the terms of the agreement. Rayovac trails Ralston-Purina Group's Eveready and Duracell International Inc. with about 25% of the battery market.
BUSINESS
August 8, 1997 | (Bloomberg News)
An investor group led by Thomas H. Lee Co. agreed to buy Fisher Scientific International for $1.4 billion, thwarting an unsolicited offer of $1 billion by the Bass Group. The Hampton, N.H.-based maker of test tubes, rubber gloves, beakers and other scientific equipment agreed to the friendly offer of about $51 a share from Boston buyout firm Thomas H. Lee, known for investments in Snapple Beverage Co., Rayovac Corp., General Nutrition Centers and Experian Information Solutions Inc.
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