Beauty Industry, Mergers and Acquisitions

Jarden Announces Stock Offering

Jarden Corp. has announced it has commenced an an underwritten public offering.

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By: Marie Redding

Senior Editor

Jarden Corporation has commenced an underwritten public offering of 14,000,000 shares of its common stock, pursuant to an effective shelf registration statement previously filed with the Securities and Exchange Commission. 

In connection with the offering, Jarden expects to grant the underwriters an option for a period of 30 days to purchase up to an additional 2,100,000 shares of common stock.

The Company expects to use the net proceeds of the offering to fund a portion of the purchase price and related fees and expenses for the recently announced acquisition of Waddington Group.

Barclays Capital Inc., Credit Suisse Securities (USA) LLC and UBS Securities, LLC are acting as lead book-running managers for the offering.  RBC Capital Markets, LLC, SunTrust Robinson Humphrey, Inc. and Wells Fargo Securities, LLC are acting as joint book-running managers for the offering.

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