Energizer Holdings Inc said it plans to separate into two publicly traded companies, one for batteries and other household products and the other for personal care brands such as Schick shavers and Stayfree female hygiene products.Energizer Shares rose 10.5 percent in premarket trading.The company said it expects the separation to help the businesses focus more on allocating resources, innovating and growing market share.The planned tax-free spin-off is expected to be completed in the second half of the year through September 2015, the company said in a statement on Wednesday.
Energizer Holdings, Inc. (Energizer) is the manufacturer and marketer of primary batteries, portable lighting and personal care products in the wet shave, skin care, feminine care and infant care categories. Shares of ENR fell by 0.14% or $-0.14/share to $97.71. In the past year, the shares have traded as low as $90.59 and as high as $113.16. On average, 617764 shares of ENR exchange hands on a given day and today's volume is recorded at 799605.
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