Jarden Corporation is raising the number of shares in its secondary offering from 11.6 to 15 million, priced at $47 each. The proceeds of $678.7 million, which would increase to $781.4 million if an overallotment option is exercised, would help finance the group's newly announced acquisition of Yankee Candle Investments, an American supplier of candles, for a price of $1.75 billion in cash. The offering period is schedule to close on Sept. 10.
Related articles
-
ArticlePomoca opens new HQ
The ski touring skins specialist opened a cutting-edge facility in Switzerland, combining sustainability, technology and regional collaboration to boost production capacity.
-
News briefsSpinnova and Suzano’s factory project faces delay
Technical challenges push back the pre-engineering phase for the wood-based fiber facility.
-
News briefsVF faces S&P downgrade due to weak financial performance
Financial challenges lead to a credit downgrade, highlighting the problems of large brand portfolios and operational setbacks.