This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jarden Announces Closing Of Common Stock Offering

RYE, N.Y., Sept. 10, 2013 /PRNewswire/ -- Jarden Corporation ("Jarden" or the "Company") (NYSE: JAH) announced today the closing of its underwritten public offering of 15,000,000 shares of its common stock priced at $47.00 per share. In connection with the offering, Jarden has granted an option to the underwriters for a period of 30 days to purchase up to an additional 2,250,000 shares.

After deducting underwriting discounts and commissions and other estimated offering expenses, the net proceeds of the offering were approximately $678.7 million.  If the underwriters' option to purchase additional shares is exercised in full, the aggregate net proceeds to Jarden are expected to be $781.4 million. Jarden intends to use the net proceeds of the offering to fund a portion of the purchase price and related fees and expenses for the previously announced acquisition of Yankee Candle Investments LLC ("Yankee Candle").  If the acquisition of Yankee Candle is not completed, the Company intends to use the net proceeds from the offering for general corporate purposes.

Barclays Capital Inc. acted as lead book-running manager, and Credit Suisse Securities ( USA) LLC, J.P. Morgan Securities LLC and SunTrust Robinson Humphrey, Inc. acted as joint book-running managers for the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the securities, nor shall there be any 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.  An effective shelf registration statement relating to these securities has previously been filed with the Securities and Exchange Commission.  The offering is being made only by means of a prospectus and related prospectus supplement.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,928.20 -142.20 -0.79%
S&P 500 2,089.46 -25.03 -1.18%
NASDAQ 4,939.3270 -77.6020 -1.55%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs