Breaking News

Russell 2000 Small-Stock Index Falls 10% From Record Closing High in March

King of Shaves Worth $73.7 Million in Bid, Sunday Telegraph Says

King of Shaves received takeover offers valuing the Beaconsfield, England-based shaving company at as much as 45 million pounds ($73.7 million), the Sunday Telegraph reported, without saying where it got the information.

King of Shaves, founded by Will King in the 1990s with a 15,000-pound investment, received bids from Spectrum Brands Holdings Inc. (SPB)’s Remington brand in the U.S. and Kai Industries, which already has a 21 percent stake in the company, according to the newspaper. King of Shaves hired Alpha Advisory to manage the bidding process, the report said.

To contact the reporter on this story: Erik Larson in London at

To contact the editor responsible for this story: Anthony Aarons at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.