Newell Rubbermaid buying Jarden in cash-and-stock deal
ATLANTA (AP) — Newell Rubbermaid is buying Jarden Corp. in a cash-and-stock deal that it says will generate about $16 billion in revenue per year with brands such as Paper Mate, Sharpie, Elmer's, Rubbermaid, Lenox, Yankee Candle and Graco.
The company says that holders of convertible bonds also qualify for the deal, boosting the price of the overall transaction to about $15.4 billion.
Michael Polk, CEO of Atlanta-based Newell Rubbermaid, will serve as CEO of a company that will adopt the name Newell Brands.