UPDATE 3-Edgewell's deal to buy shaving startup Harry's sinks shares on debt concerns
May 09, 2019 at 12:14 PM EDT
Schick and Wilkinson razor brands owner Edgewell Personal Care Co said on Thursday it would buy shaving startup Harry's Inc in a $1.37 billion cash-and-stock deal, but its shares plunged 17 percent as the high levels of debt spooked investors.
