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SPB > SEC Filings for SPB > Form 8-K on 22-Dec-2011All Recent SEC Filings

Show all filings for SPECTRUM BRANDS, INC.

Form 8-K for SPECTRUM BRANDS, INC.


22-Dec-2011

Completion of Acquisition or Disposition of Assets, Other Events, Financial


Item 2.01. Completion of Acquisition or Disposition of Assets.

On December 22, 2011, Spectrum Brands Holdings, Inc.'s ("Spectrum's") United Pet Group, Inc. subsidiary ("UPG") completed the acquisition of FURminator, Inc., the leading worldwide provider of branded and patented deshedding products to the pet industry. On the same date, FURminator was merged into UPG.

UPG acquired FURminator for $140 million in cash, less the amount of FURminator's outstanding indebtedness and specified transaction expenses, and subject to a working capital adjustment based upon a target amount.
Approximately $10 million of the consideration will be placed into escrow for 18 months for possible future indemnification claims.

The foregoing description of the acquisition is not complete and is qualified in its entirety by reference to the full text of the Agreement and Plan of Merger, which is filed as Exhibit 2.1 to Spectrum's Current Report on Form 8-K, filed on December 6, 2011, and is incorporated herein by reference.



Item 8.01. Other Events.

On December 22, 2011, Spectrum issued a press release announcing the completion of the acquisition, a copy of which press release is filed as Exhibit 99.1 hereto and is incorporated herein by reference



Item 9.01 Financial Statements and Exhibits.

(a) Financial statements of businesses acquired.

If required, financial statements pursuant to Item 9.01(a) of Form 8-K will be filed by amendment no later than 71 calendar days after the date this Current Report on Form 8-K is required to be filed.

(b) Pro forma financial information.

If required, pro forma financial information pursuant to Item 9.01(b) of Form 8-K will be furnished by amendment no later than 71 calendar days after the date this Current Report on Form 8-K is required to be filed.

(c) Not applicable.

(d) Exhibits.

Exhibit
No. Description

99.1 Press Release dated December 22, 2011


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