Subsequent Events

3 Months Ended

Dec. 31, 2019

Subsequent Events [Abstract]

Subsequent events

Subsequent Event

Harry's Acquisition

On May 9, 2019, the Company announced that it had entered into a definitive Agreement and Plan of Merger (the “Merger Agreement”) under which the Company would combine with Harry’s in a cash and stock transaction that valued Harry’s at $1,370.0 (the “Merger”). The Merger was approved by the Boards of Directors of both our Company and Harry’s. On February 9, 2020, following the U.S Federal Trade Commission’s (“FTC”) lawsuit seeking to block the proposed transaction, the Company terminated its merger agreement with Harry’s. Harry’s has informed the Company that it intends to pursue litigation. The Company believes that such litigation has no merit. Following termination of the Merger Agreement, the previously announced commitment letter between the Company and Bank of America Merrill Lynch pursuant to which Bank of America Merrill Lynch committed to provide a senior secured revolving credit facility and senior secured term loans in connection with the Merger has also been terminated.

The Company incurred costs associated with the combination with Harry’s totaling $6.2 for the three months ended December 31, 2019, which were included in SG&A on the Consolidated Statement of Earnings.