Prestige Brands Holdings Prices Initial Public Offering

Prestige Brands Holdings Prices Initial Public Offering 


IRVINGTON, N.Y., Feb. 9  /PRNewswire-FirstCall/ -- Prestige Brands Holdings,
Inc. (NYSE:PBH), a consumer products company with a diversified portfolio of
well-recognized brands, today announced that its offering of 28,000,000 shares
of common stock priced at $16.00 per share.  Certain of Prestige Brands'
stockholders have granted the underwriters of the offering an option to
purchase up to 4,200,000 additional shares at the initial public offering price
within 30 days to cover over-allotments.  Trading of Prestige Brands shares is
expected to begin tomorrow on the New York Stock Exchange under the ticker
symbol PBH.

The offering was made through an underwriting syndicate led by Merrill Lynch,
Goldman, Sachs & Co. and JPMorgan, who acted as joint book-running managers. 
William Blair & Company, L.L.C., Piper Jaffray & Co. and SunTrust Robinson
Humphrey acted as co-managers.

A registration statement relating to the common stock has been filed with and
declared effective by the Securities and Exchange Commission.  This press
release shall not constitute an offer to sell or the solicitation of an offer
to buy nor shall there be any sale of these securities in any state in which
such offer, solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state.  The offering of
these securities will be made only by means of a prospectus.  A copy of the
final prospectus may be obtained by contacting: Merrill Lynch & Co., Prospectus
Department, 4 World Financial Center, New York, NY 10080 (212-449- 1000),
Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, Attention:
Prospectus Department (212-902-1171) or JPMorgan, Prospectus Department, One
Chase Manhattan Plaza, Floor 5B, New York, NY 10081 (212-552-5164).

About Prestige Brands Holdings

Prestige Brands Holdings is a marketer and distributor of brand name over-
the-counter drug, personal care and household cleaning products sold throughout
the United States and Canada. Key brands include Compound W(R) wart remover,
Chloraseptic(R) sore-throat relief products, New-Skin(R) liquid bandage, Clear
eyes(R) and Murine(R) eye and ear care products, Little Remedies(R) pediatric
over-the-counter healthcare products, Cutex(R) nail polish remover, Comet(R)
and Spic & Span(R) household cleaner and several other well-recognized brands.
Prestige Brands is headquartered in Irvington, New York.

Contact: Jeremy Zweig

914-524-6819 

DATASOURCE: Prestige Brands Holdings



CONTACT:  Jeremy Zweig, [phone] for Prestige Brands Holdings

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