Edgewell Personal Care has agreed to acquire razor subscription service Harry’s in a cash and stock transaction that will allow Grace Beauty Capital to exit.

Harry’s, a US-based razor retailer backed by beauty product distributor Grace Beauty, yesterday agreed to an acquisition by consumer products supplier Edgewell Personal Care for $1.37bn. Edgewell will pay approximately 79% of the amount in cash and the remainder in common stock. Harry’s shareholders will own approximately 11% in Edgewell following the transaction, which is…

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