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Fly News Breaks for April 29, 2015
SPB
Apr 29, 2015 | 07:31 EDT
After Spectrum agreed to acquire Armored AutoGroup, the maker of Armor All and STP branded products, from private equity firm Avista Capital Partners for $1.4B, Wells Fargo thinks that Spectrum's stock will rise today on the news. The firm expects investors to view the deal positively, and it reiterates an Outperform rating on Spectrum Brands.
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