Missouri Minute: Edgewell cuts deal to buy Harry’s; Stenger associates headed to court

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It’s Friday, but between the continuing U.S.-China trade talks in Washington and Uber’s much-anticipated debut on the New York Stock Exchange, it hardly feels like the week is winding down. In the midst of it all, just make sure you don’t forget to pick up that Mother’s Day gift. If you can handle that, we can take care of the Missouri business headlines, which include a big acquisition for Edgewell, court dates for Steve Stenger’s associates and a strong showing for a UMKC entrepreneurship group.

Stay alert

Edgewell cuts deal to buy Harry’s
The Chesterfield-based personal care company, which owns Schick razors, will acquire Harry’s, the razor subscription startup, for $1.37 billion. (Associated Press)

Stenger associates headed to court
Businessman John Rallo and ex-St. Louis Economic Development Partnership CEO Sheila Sweeney, both key figures in the indictment of former St. Louis County Executive Steve Stenger, are scheduled to appear in federal court Friday. (St. Louis Business Journal)

Clayton condo plan calls for 110 units
Developer Fred Kummer’s new $175 million project would rise 21 stories above downtown Clayton. (St. Louis Post-Dispatch)

Ameren earnings up for the quarter
The company reported net income of $193 million for the quarter, an increase of about $40 million from the same time last year. (St. Louis Post-Dispatch)

First Carvana opens in Missouri
The Phoenix-based company debuted its first car vending machine in Kansas City. (Kansas City Star)

Citizens Bank acquires another financial institution
Citizens Bank & Trust Co. reached an agreement to acquire Summit Bank of Kansas City for an undisclosed amount. (Kansas City Business Journal)

Say that again

“I told Dad, I said, ‘This is stupid. I have to go back in there and replant.’ And the next few days, they did it again, then that was it. I told him, ‘We gotta do something different.'”

Brad Parker is among a growing number of Missouri farmers who are fed up with feral hogs. The animals have repeatedly ransacked Parker’s fields, forcing him to stop planting crops, the Columbia Missourian reports. The invasive species has spread across most of southern Missouri, sowing disease and destruction, and officials and farmers can’t seem to agree on a solution to the problem.

Show me

Today’s graphic looks at the persistent disparity in pay between men and women in Missouri. More than 1.4 million women were in the state’s workforce in 2017, according to a report released last month by the Missouri Economic Research and Information Center. That accounted for about 48 percent of the state’s labor force. At every level of educational attainment, women earned less than men, according to the report.

Go figure

$10 million

That’s how big of a year-over-year jump Missouri State University might receive in funding, pending approval from the Missouri legislature, the Springfield News-Leader reports. Previously, the university had considered raising tuition and fees by approximately 5 percent. The Ozarks Technical Community College in Springfield is also expected to get a boost in one-time funding for its planned Center for Advanced Manufacturing.

Hello, my name is


That’s the name of the competitive entrepreneurial development program with branches at more than 1,000 college campuses. This week, the University of Missouri-Kansas City’s team took fourth in the nation, Startland News reports. UMKC competed against 400 teams and also took home two individual awards.

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