Spectrum Brands : •Successfully Completed the Sale of HHI for $4 3 Billion in Cash, Subject to Customary Purchase Price Adjustments •Net Proceeds from the Transaction After Tax and Fees are Expected to be $3 8 Billion •Repaid $1 55 Billion of Outstanding Debt and Entered into an Accelerated Share Repurchase Agreement for $500 Million of Its Common Stock •Ended the Quarter in a Net Cash Position with $2 9 Billion of Cash and $2 1 Billion of Debt •Net Sales Decreased 10 1% Driven by R
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