1center
9 años hace
Newell Rubbermaid Inc. and $JAH Jarden Corp. are in talks to combine, according to people familiar with the matter, in a deal that would unite makers of well-known consumer brands including Sharpie markers, Graco baby strollers and Mr. Coffee machines.
The terms under discussion couldn't be learned, and it is possible the talks won't lead to a deal.
Newell Rubbermaid is slightly larger, with a market capitalization of about $12 billion Monday afternoon, compared with Jarden's value of $10.5 billion. Based on a typical takeover premium, an acquisition of Jarden could value the company at $13 billion or more.
The combined company would have around $14 billion in annual sales.
Write to Liz Hoffman at liz.hoffman@wsj.com, Dana Mattioli at dana.mattioli@wsj.com and Dana Cimilluca at dana.cimilluca@wsj.com
> Dow Jones Newswires
December 07, 2015 15:50 ET (20:50 GMT)
TheFinalCD
9 años hace
Jarden Announces Closing Of $300 Million Private Offering Of Senior Notes
Last update: 30/10/2015 4:30:05 pm
MIAMI, Oct. 30, 2015 /PRNewswire/ -- Jarden Corporation ("Jarden" or the "Company") (NYSE: JAH) announced today the closing of its previously announced offering of $300 million in aggregate principal amount of its senior notes (the "Notes") due 2023 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and to certain persons outside of the U.S. pursuant to Regulation S under the Securities Act. The Notes are guaranteed by certain of the Company's domestic subsidiaries. The Notes will pay interest semiannually at a rate of 5% per annum and will mature on November 15, 2023.
The Company estimates that the net proceeds from the sale of the Notes are approximately $293.5 million, after deducting estimated fees and expenses. The Company expects to use the net proceeds of the offering to fund a portion of the purchase price and related fees and expenses for the recently announced acquisition of Visant Holding Corp. ("Visant"), the parent company of Jostens, Inc. and the other entities composing the Jostens business (collectively, "Jostens").
This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes nor the related guarantees, nor shall there be any solicitation or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The Notes nor the related guarantees have not been registered under the Securities Act, or the securities laws of any other jurisdiction, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
Note: This news release contains "forward-looking statements" within the meaning of the federal securities laws and is intended to qualify for the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995, including statements regarding the Company's expected plan to fund the Jostens acquisition, in part, from the senior notes offering and the ability of the Company to close the Jostens acquisition. These projections and statements are based on management's estimates and assumptions with respect to future events and financial performance and are believed to be reasonable, though are inherently uncertain and difficult to predict. Actual results could differ materially from those projected as a result of certain factors. A discussion of factors that could cause results to vary is included in the Company's periodic and other reports filed with the Securities and Exchange Commission.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/jarden-announces-closing-of-300-million-private-offering-of-senior-notes-300169680.html
SOURCE Jarden Corporation
/Web site: http://www.jarden.com
(END) Dow Jones Newswires
October 30, 2015 16:30 ET (20:30 GMT)
Penny Roger$
13 años hace
Jarden Corporation (Jarden) is a global consumer products company. Jarden is a provider of a range of consumer products. The Company operates in four business segments: Outdoor Solutions, Consumer Solutions, Branded Consumables and Process Solutions. Its sales are principally within the United States. The Company’s international operations are mainly based in Asia, Canada, Europe and Latin America. On April 1, 2010, Jarden acquired the Mapa Spontex Baby Care and Home Care businesses (Mapa Spontex) of Total S.A. (Total). On October 1, 2010, the Company acquired Aero Products International, Inc. (Aero), a provider of air-filled mattresses under brand names, including Aero, Aerobed and Aero Sport. On December 17, 2010, Jarden acquired Quickie Manufacturing Corporation (Quickie), is a supplier and distributor of cleaning tools and supplies.
http://www.google.com/finance?q=JAH