SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Spectrum Brands Holdings, Inc. on Behalf of Investors
June 09 2018 - 9:00AM
Business Wire
Kaskela Law LLC is investigating Spectrum Brands Holdings,
Inc. (“Spectrum Brands” or the “Company”) (NYSE: SPB) on
behalf of the Company’s investors.
Spectrum Brands investors who wish to discuss this investigation
and their legal options are encouraged to contact Kaskela Law LLC
(D. Seamus Kaskela, Esquire) at (484) 258 – 1585 or (888) 715 –
1740, or via email at skaskela@kaskelalaw.com, to discuss this
investigation and their legal rights and options. Investors may
also visit www.kaskelalaw.com/spectrum for additional
information.
On April 26, 2018, Spectrum Brands disclosed that the
Company’s “second quarter performance was very disappointing” as a
result of “challenges related to our two greenfield manufacturing
and distribution projects.” Additionally, the Company disclosed
that “external cost headwinds and mix combined to deliver a
significant negative impact on our sales and margins,” and that
“the magnitude of our second quarter shortfall and manufacturing
and distribution center start-up inefficiencies has caused us to
lower our full-year adjusted EBITDA guidance from continuing
operations by $57 million at the mid-point and adjusted
free cash flow on a total company basis by $135 million.”
Following this news, shares of Spectrum Brands’ common stock
declined $19.22 per share, or over 20%, to close on April 26,
2018 at $75.01, on heavy trading volume.
Spectrum Brands investors are encouraged to contact Kaskela Law
LLC to discuss this investigation and their legal rights and
options. Kaskela Law LLC exclusively represents investors in state
and federal courts throughout the country. For additional
information about Kaskela Law LLC please visit www.kaskelalaw.com.
This notice may constitute attorney advertising in certain
jurisdictions.
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version on businesswire.com: https://www.businesswire.com/news/home/20180609005001/en/
KASKELA LAW LLCD. Seamus Kaskela, Esq.201 King of Prussia
RoadSuite 650Radnor, PA
19087484-258-1585888-715–1740skaskela@kaskelalaw.comwww.kaskelalaw.com
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