Spectrum Brands (SPB), authorized a substantial buyback program, amounting to $1 billion, which represented approximately 33% of its market capitalization at the time of the announcement. This impressive announcement positioned it at the top of our list of largest buyback announcements.
Spectrum Brands Holdings (SPB) was established in 2005 as the successor company to Rayovac Corporation. It operates as a global consumer products and home essentials company, having expanded its product portfolio and global presence through various acquisitions. Although the company faced bankruptcy in 2009, it has been making headlines in recent years.