Edgewell Personal Care (EPC) had some exciting events to share with investors in February. Besides announcing solid first-quarter results, the company announced its decision to pursue the future as a standalone business, thereby officially calling off the acquisition of Harry's in a deal which had already raised some eyebrows at the time of the announcement.
The Thesis
In May of last year, Edgewell announced its intention to acquire Harry's in a near-$1.4 billion deal, as I concluded that it could essentially be a lifesaver or a troublemaker for Edgewell.
The rationale behind the