EnergizerHoldings Inc., known for its battery-powered pink bunny and Schick shavers, plans to separate its household products and personal-care units into two publicly traded companies.

The split will be a tax-free spinoff to shareholders and is expected to be completed in the second half of the 2015 fiscal year, St. Louis-basedEnergizersaid today in a statement. The stock jumped in early trading.

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