ST. LOUIS — Energizer Holdings plans to split into two separate and publicly traded companies, one selling batteries and household items, the other selling personal care brands such as Schick razors and Edge shaving gel.
Shares jumped 16 percent in midday trading Wednesday to reach a six-year high.
The St. Louis company believes the split will give each company a clearer focus and let them make a more transparent case to investors.
The split will be structured as a tax-free spinoff to existing Energizer shareholders, the company said.
Energizer did not say what names the companies would operate under.