ENERGIZER BUYING RAYOVAC FROM SPECTRUM FOR $2B

Energizer will spend $2 billion in cash to acquire the battery and lighting assets of Spectrum, adding the Rayovac brand to its battery and lighting division. Spectrum Brands said this month it would seek a buyer for the assets so the Middleton, Wis., company could better focus on its other businesses, including hardware and home improvement, global auto care and global pet supplies. Adding Rayovac will broaden the portfolio held by St. Louis-based Energizer Holdings Inc.