Spectrum Brands has postponed its annual stockholders meeting scheduled for late January as company officials discuss a “potential strategic transaction.”
“Given the ongoing discussions between HRG Group and the special committee of our board of directors regarding a potential strategic transaction, it is appropriate to delay the annual meeting at this time,” David Maura, executive chairman of Spectrum Brands Holdings, said in a press release.
The meeting was scheduled for January 30.
News of the postponed meeting comes just weeks after Spectrum announced its intention to sell its batteries and appliances business. On January 16, the company said it had an agreement to sells its Global Battery and Lighting business to Energizer Holdings for $2 billion in cash.
In making that announcement, Spectrum officials said they were continuing their efforts to sell the company’s appliance business.