Key Developments: Jarden Corp (JAH)

JAH on New York Consolidated

55.95USD
17 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Jarden Corporation closes $690 mln private offering of senior subordinated convertible notes
Monday, 17 Mar 2014 04:05pm EDT 

Jarden Corporation:Closes offering of $600 mln in aggregate principal amount of senior subordinated convertible notes due 2034 in a private offering to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended.Initial purchasers exercised their option to purchase an additional $90 million in aggregate principal amount of the convertible notes.Net proceeds from the sale of the Convertible Notes, including proceeds resulting from the exercise of the initial purchasers' option to purchase an additional $90 mln in principal amount of the Convertible Notes, are about $673 mln, after deducting estimated fees and expenses.Intends to use the net proceeds to repurchase up to $250 mln of shares of its common stock under its stock repurchase program, subject to availability, and the remainder for general corporate purposes, which may include repayment of debt.  Full Article

Jarden Corp's subsidiary announces new six-year agreement with the Chinese Baseball Association
Friday, 14 Mar 2014 08:10am EDT 

Jarden Corp:Says Rawlings Sporting Goods Company, Inc. a subsidiary of the company formally announced a new, six-year agreement with the Chinese Baseball Association (CBA), establishing Rawlings as the Official Apparel and Equipment Sponsor for the national governing body.The new partnership covers all players, coaches, trainers and management staff of the National Team of China and National Youth Team of China.  Full Article

Jarden Corporation announces pricing of $600 mln private offering of senior subordinated convertible notes
Wednesday, 12 Mar 2014 07:30am EDT 

Jarden Corporation:Prices of $600 mln in aggregate principal amount of Senior Subordinated Convertible Notes due 2034 in private offering.Company has also granted initial purchasers option to purchase up to additional $90 mln aggregate principal amount of convertible notes.Intends to use net proceeds to repurchase up to $250 mln of shares of common stock under stock repurchase program, subject to availability, and the remainder for general corporate purposes, which may include repayment of debt.Sale of convertible notes is expected to close on March 17.  Full Article

Jarden Corporation announces proposed private offering of $600 mln senior subordinated convertible notes
Tuesday, 11 Mar 2014 07:30am EDT 

Jarden Corporation:Intends to offer $600 mln in aggregate principal amount of senior subordinated convertible notes due 2034 in private offering.Interest rate, initial conversion price, repurchase provisions and other terms of convertible notes will be determined by negotiations between company and the initial purchasers.In connection with this offering, the company expects to grant to initial purchasers option to purchase up t additional $90 mln in aggregate principal amount of convertible notes.Intends to use net proceeds to repurchase up to $250 mln shares of its common stock under its stock repurchase program, subject to availability, and the remainder for general corporate purposes, which include repayment of debt.  Full Article

Jarden Corporation announces management change - Form 8-K
Friday, 7 Mar 2014 03:17pm EST 

Jarden Corporation:Announced that Ian G.H. Ashken, vice chairman and chief financial officer, will become president, effective immediately.Also announced its intention to appoint Al LeFevre as executive vice president-finance and chief financial officer effective June 12.Says Ashken will cease to be chief financial officer upon the effectiveness of LeFevre‚Äôs appointment in June.  Full Article

Jarden Corp increases authorized stock repurchase program to $500 mln
Thursday, 27 Feb 2014 04:05pm EST 

Jarden Corp:Authorizes an increase in its stock repurchase program to an aggregate of up to $500 mln of its common stock, including unused capacity under the Company's existing stock repurchase program.Acquisitions under the stock repurchase program may be made from time to time through a combination of open market repurchases, privately negotiated transactions, accelerated share repurchase transactions, and/or other derivative transactions, at the Company's discretion.As permitted by securities laws and other legal requirements, and subject to market conditions and other factors.  Full Article

Jarden Corp gives FY 2014 EPS outlook; revenue outlook below analysts' estimates - Conference Call
Thursday, 13 Feb 2014 08:30am EST 

Jarden Corp:Expects FY 2014 organic net sales growth in the range of 3% to 5%.Expects FY 2014 adjusted fully diluted earnings per share in the range of $3.82 to $4.02 per share.The company reported revenue of $7.355 bln in FY 2013.FY 2014 revenue of $8.191 bln, EPS of $3.98 - Thomson Reuters I/B/E/S.  Full Article

Jarden Corp gives Q4 2013 EPS guidance in line with analysts' estimates - Conference Call
Tuesday, 14 Jan 2014 01:00pm EST 

Jarden Corp:Says the Street expects 3.6-3.7 pct organic growth for Q4 2013.Says the Street is looking for $1.30- $1.31 of EPS and the company is comfortable with that range.Q4 2013 EPS of $1.30 per share - Thomson Reuters I/B/E/S.  Full Article

Jarden Corp Raises FY 2013 EPS Guidance-Conference Call
Wednesday, 30 Oct 2013 04:30pm EDT 

Jarden Corp announced that based on the expected organic growth and continuing margin expansion in the fourth quarter, the solid results through the first nine months of 2013 and the accretive effect of the Yankee Candle acquisition, the Company increasing its as adjusted earnings per diluted share (EPS) outlook for fiscal 2013 to a range of $3.50 to $3.55 from the range of $3.20 to $3.25 provided on its last quarterly conference call.  Full Article

Jarden Corp Completes Acquisition Of Yankee Candle
Thursday, 3 Oct 2013 12:53pm EDT 

Jarden Corp announced that it has completed its acquisition of Yankee Candle Investments LLC (Yankee Candle), from a fund managed by Madison Dearborn Partners, LLC, a private equity firm, for approximately $1.75 billion in cash. Jarden funded the transaction with the proceeds from its recently completed common stock offering, proceeds from the aforementioned term loan, and cash on hand.  Full Article

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