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

Aug. 28 (Bloomberg) -- 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.’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 elarson4@bloomberg.net

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net