Investors let down as Edgewell-Harry's deal fails

摘要

Consumer products manufacturer edgewell personal care is poised to return US$600m to investors already flush with cash and lacking opportunities to redeploy capital to quench their thirst for yield. Edgewell raised the debt to support a US$1.37bn tie-up with peer harry-s in September last year. The company has now backed away from the deal and is expected to repay lenders their allocated portions. Any secondary trades have been cancelled.