Newell Brands acquires Jarden Corporation for $16 billion
Client(s) Newell Brands Inc.
Jones Day advised Newell Brands Inc. in connection with its acquisition of Jarden Corporation in a cash and stock transaction valued at $21 per share and 0.862 of a share in Newell Brands Inc. stock per share, or approximately $16 billion in equity value. The transaction brings together two of the world's premier designers and marketers of durable consumer goods, with a combined portfolio of leading brands, including Paper Mate®, Sharpie®, EXPO®, Parker®, Elmer’s®, Calphalon®, Rubbermaid®, Graco®, Baby Jogger®, Aprica®, Goody®, Irwin®, Lenox®, Rubbermaid Commercial Products®, Coleman®, First Alert®, FoodSaver®, Jostens®, K2®, NUK®, Oster®, Rawlings®, Sunbeam®, and Yankee Candle®.
In addition to M&A representation, Jones Day provided banking and financing, antitrust, employee benefits, labor, real estate, and tax advice regarding this transaction.