Shares of Spectrum Brands (SPB) jump 9.5% higher in premarket action after the company snaps up...

|About: Spectrum Brand Holdings, ... (SPB)|By:, SA News Editor

Shares of Spectrum Brands (SPB) jump 9.5% higher in premarket action after the company snaps up a unit of Black & Decker that makes household products such as bathroom fixtures and door locks. The squeeze play could be on with short interest on the name running relatively high.