NYSE:PBHPharmaceuticals
Prestige Deal For Stampede Culinary Partners Reshapes Earnings And Valuation Potential
Prestige Consumer Healthcare (NYSE:PBH) has agreed to acquire Stampede Culinary Partners for $662.5 million.
The company expects the deal to contribute meaningfully to EBITDA and future earnings once integrated.
The transaction adds a new business line that management sees as an additional driver of operational earnings.
For investors tracking NYSE:PBH, the acquisition comes as the stock trades around $65.55, with a 7.1% return year to date and 46.7% over five years. The shares are still...