Key Developments: Newell Rubbermaid Inc (NWL.N)

NWL.N on New York Stock Exchange

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1 Apr 2015
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Latest Key Developments (Source: Significant Developments)

Stamps.com Inc intends to acquire Endicia from Newell Rubbermaid Inc
Tuesday, 24 Mar 2015 04:30pm EDT 

Stamps.com Inc:Enters into definitive agreement with Newell Rubbermaid Inc to acquire Endicia, a wholly owned subsidiary of Newell Rubbermaid, for $215 million in cash.Says boards of directors of both companies have approved transaction which is expected to close within 5 business days after fulfillment of the customary closing conditions, including expiration or termination of applicable waiting period under Hart-Scott-Rodino act.Says it intends to fund transaction with at least $50 million of cash on hand and committed financing for $165 million from a group of leading US banks.  Full Article

Newell Rubbermaid Inc reaffirms FY 2015 outlook
Wednesday, 4 Mar 2015 07:00am EST 

Newell Rubbermaid Inc:Reaffirm its fiscal year 2015 outlook.Continues to expects FY 2015 core sales growth in the range of 3.5-4.5 pct.FY 2015 net sales growth in the range of 3.0- 4.0 pct.FY 2015 normalized EPS in the range of $2.10 to $2.18.FY 2015 normalized EPS guidance range excludes between $80 and $120 million of Project Renewal restructuring and restructuring-related charges and other project costs.Reported revenue of $5.73 billion in FY 2014.FY 2015 revenue of $5.95 billion and EPS of $2.15 - Thomson Reuters I/B/E/S.  Full Article

Newell Rubbermaid Inc to reaffirm FY 2015 outlook
Tuesday, 17 Feb 2015 07:00am EST 

Newell Rubbermaid Inc:Says that it will reaffirm its FY 2015 outlook, as provided in its fourth quarter 2014 earnings press release dated Jan. 30, during its presentation at Consumer Analyst Group of New York (CAGNY) conference.Says that its guidance and key assumptions for FY 2015 are as follows: Core sales growth 3.5 pct. to 4.5 pct., net sales growth 3.0 pct. to 4.0 pct. and normalized EPS $2.10 to $2.18.FY 2015 normalized EPS guidance range excludes between $80 and $120 million of project renewal restructuring and restructuring-related charges and other project costs.Reported revenue of $5.73 billion in FY 2014.FY 2015 revenue of $5.95 billion and EPS of $2.15 - Thomson Reuters I/B/E/S.  Full Article

Newell Rubbermaid declares quarterly dividend
Thursday, 12 Feb 2015 07:35am EST 

Newell Rubbermaid Inc:Declares 12 pct increase in its quarterly dividend from $0.17 per share to $0.19 per share.Payable on March 13 to common stockholders of record at the close of business on Feb. 27.  Full Article

John Stipancich appointed Chief Financial Officer of Newell Rubbermaid
Thursday, 12 Feb 2015 07:30am EST 

Newell Rubbermaid Inc:Says John Stipancich, 46, has been appointed Executive Vice President and Chief Financial Officer.As chief financial officer, Stipancich will be responsible for external reporting, financial planning and analysis, treasury, internal audit, risk management, information technology and investor relations.He will continue to report to President and Chief Executive Officer Michael Polk.  Full Article

Newell Rubbermaid Inc raises high end of prior FY 2015 revenue outlook; lowers FY 2015 EPS outlook
Friday, 30 Jan 2015 06:29am EST 

Newell Rubbermaid Inc:Expects FY 2015 core sales growth in the range of 3.5-4.5 pct.Expects FY 2015 net sales growth in the range of 3.0- 4.0 pct.Expects FY 2015 normalized EPS in the range of $2.10 to $2.18.Reported revenue of $5.73 bln in FY 2014.FY 2015 EPS of $2.19 - Thomson Reuters I/B/E/S.  Full Article

Newell Rubbermaid announces closing of Baby Jogger Holdings, Inc. acquisition
Tuesday, 16 Dec 2014 07:30am EST 

Newell Rubbermaid Inc:Completes the acquisition of Baby Jogger Holdings Inc from the Riverside Company.Purchase price of $210 mln.Acquisition is expected to be accretive to Newell Rubbermaid's growth rate, EBITDA margin and normalized EPS in the first year.  Full Article

Newell Rubbermaid Inc to acquire Baby Jogger Holdings, Inc
Monday, 1 Dec 2014 08:30am EST 

Newell Rubbermaid Inc:Signs definitive agreement to acquire Baby Jogger Holdings, Inc. from The Riverside Company, a global private equity firm.The purchase price is about $210 mln, subject to customary working capital and transaction adjustments.  Full Article

Newell Rubbermaid Inc reaffirms FY 2014 and FY 2015 guidance
Tuesday, 18 Nov 2014 08:00am EST 

Newell Rubbermaid Inc:Reaffirms FY 2014 and FY 2015 guidance.Expects FY 2014 core sales growth of 3 to 4 pct.Expects FY 2014 net sales growth to be in the range of 1.2% to 2.2%.Expects FY 2014 EPS in the range of $1.94 to $2.00.Expects FY 2015 core sales growth to be in the range of 3.5- 4.0 pct.Expects FY 2015 net sales growth to be in the range of 3.0-3.5 pct.Expects FY 2015 normalized to be in the range of EPS $2.16 to $2.22.Reported revenue of $5.692 bln in FY 2013.FY 2014 revenue of $5.76 bln and EPS of $2.00 - Thomson Reuters I/B/E/S.FY 2015 revenue of $6.00 bln and EPS of $2.20 - Thomson Reuters I/B/E/S.  Full Article

Newell Rubbermaid Inc prices $850 million notes offering
Friday, 14 Nov 2014 05:06pm EST 

Newell Rubbermaid Inc:Prices a registered underwritten public offering of $850 mln of notes, consisting of $350 mln of notes due 2019 and $500 mln of notes due 2024.Notes due 2019 will pay interest semi-annually on June 01 and Dec. 01, commencing June 01, 2015, at a rate of 2.875 pct per year and will mature on Dec. 01, 2019.Notes due 2024 will pay interest semi-annually on June 01 and Dec. 01, commencing June 01, 2015, at a rate of four pct per year and will mature on Dec. 01, 2024.Offering is expected to close on Nov. 19.Company plans to use the net proceeds to redeem its $250,000,000 2.00 pct Notes due 2015 and the remaining $20,700,000 of its 10.60 pct Notes due 2019.Also uses to purchase up to $100,000,000 of its 4.70 pct Notes due 2020 in a tender offer.Uses to reduce borrowings under its commercial paper program.Uses to reduce amounts outstanding under its receivables financing facility and for general corporate purposes.Barclays Capital Inc., J.P. Morgan Securities LLC and RBC Capital Markets, LLC are acting as joint book-running managers for the offering.  Full Article

Fitch Upgrades Newell to 'BBB+'; Outlook Stable

(The following statement was released by the rating agency) NEW YORK, March 24 (Fitch) Fitch Ratings has upgraded the long-term Issuer Default Rating (IDR) for Newell Rubbermaid, Inc. (Newell) to 'BBB+' and affirmed the short-term IDR and commercial paper rating at 'F2'. The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. The company substantially met Fitch's expectations for an upgrade, which were based on a continuation of positive business trend

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