Harbinger Group Inc, the holding company for Spectrum Brands, said it had offered to purchase retailer Central Garden & Pet Co for $10 per share, or acquire its pet business for $750 million. Harbinger also said it may increase the offer price if Central Garden engaged in "a constructive dialogue" and granted access to diligence materials.
Central Garden & Pet Company (Central), is a marketer and producer of branded products. Shares of CENT traded higher by 0.45% or $0.04/share to $9.00. In the past year, the shares have traded as low as $6.00 and as high as $9.05. On average, 38703 shares of CENT exchange hands on a given day and today's volume is recorded at 126536.
Harbinger Group Inc. (HGI) is a holding company. The Company's operations are conducted through Spectrum Brands, the Company's subsidiary, which provides branded consumer products, such as batteries, personal care products, small household appliances, pet supplies, and home and garden pest control products, and Fidelity & Guaranty Life Holdings, Inc. Shares of HRG traded higher by 3.27% or $0.41/share to $12.96. In the past year, the shares have traded as low as $7.33 and as high as $13.34. On average, 583739 shares of HRG exchange hands on a given day and today's volume is recorded at 6920789.
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