Newell Rubbermaid, Jarden in Merger Talks
December 07 2015 - 4:30PM
Dow Jones News
Newell Rubbermaid Inc. and 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
(END) Dow Jones Newswires
December 07, 2015 16:15 ET (21:15 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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