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Prestige Brands Holdings, Inc. (NYSE: PBH) today announced that it has completed its previously announced purchase of Blacksmith Brands Holdings, Inc. The transaction was finalized under the original terms announced on September 20th, which called for Prestige to pay $190 million in cash at closing plus a customary working capital adjustment that amounted to $13.4 million. Prestige recently completed a financing of additional bond and bank debt to fund the acquisition and one-time related...

In a recent report from Oppenheimer, Prestige Brands, (NYSE: PBH) announced the acquisition of privately held Blacksmith Brands. This acquisition will be accretive to the future EPS and enhances focus on the OTC segment. The transaction is expected to close November 1st and will be funded from cash on hand as well as bank and/or bond financing. The business generates annual sales of about $90 million and EBITDA of around $30 million. PRestige Brands expects the transacation to be...

Andrew Snyder says that in today's market it is vital to invest only in the companies with the best chance of survival. Prestige Brands (NYSE:PBH) gets little attention, but it has strong sales, a solid balance sheet and an undervalued share price. Andrew says this makes it one of the best stocks under $10 in [...]

Prestige Brands Holdings, Inc. (PBH) is weathering the economic storm with its strong brands such as Comet and Little Remedies. Net income for the second quarter grew 25% from a year ago. PBH is trading at 9.8x forward earnings. Company Description Prestige Brands distributes over-the-counter healthcare, personal care and household products throughout the world. For 75 years, [...]