Prestige Brands (PBH) opens up 24% as Mexican pharma firm Genomma offers $16.60/share cash for...

|About: Prestige Brands Holdings, ... (PBH)|By:, SA News Editor

Prestige Brands (PBH) opens up 24% as Mexican pharma firm Genomma offers $16.60/share cash for the company ($834M excluding debt, a 23% premium). Genomma - due to report its Q4 results on Friday - would acquire Comet brand cleaning products along with healthcare lines like Clear Eyes contact lens solution.