Newell Brands Inc (NWL.N) Key Developments | Reuters.com
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Newell Brands Inc (NWL.N)

NWL.N on New York Stock Exchange

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24 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Newell Rubbermaid announces completion of Elmer's acquisition
Thursday, 22 Oct 2015 04:52pm EDT 

Newell Rubbermaid Inc:Completed its acquisition of Elmer's Products, Inc (Elmer's) from an affiliate of Berwind Corporation, a family-owned investment management company.  Full Article

Newell Rubbermaid prices $600 million notes offering
Wednesday, 14 Oct 2015 06:30pm EDT 

Newell Rubbermaid:Priced a registered underwritten public offering of $600 million of notes, consisting of $300 million of notes due 2018 and $300 million of notes due 2025.Says notes due 2018 will pay interest semi-annually on April 15 and October 15, commencing April 15, 2016, at a rate of 2.150% per year and will mature on October 15, 2018.Says notes due 2025 will pay interest semi-annually on May 1 and November 1, commencing May 1, 2016, at a rate of 3.900% per year and will mature on November 1, 2025.Says offering is expected to close on October 19, 2015.Says company plans to use the net proceeds to fund the purchase price for its pending acquisition of Elmer's Products, Inc. and for general corporate purposes.Credit Suisse Securities (USA) LLC, Citigroup Global Markets Inc. and J.P. Morgan Securities LLC are acting as joint book-running managers for the offering.  Full Article

Newell Rubbermaid Inc to acquire elmer's for $600 million
Monday, 5 Oct 2015 08:30am EDT 

Newell Rubbermaid Inc:To acquire elmer's for $600 million.Deal for $600 million.Says the acquisition is expected to be accretive to normalized earnings and operating margin in 2016.Says has initiated a process to divest its levolor and kirsch window coverings brands.Says elmer's net sales for calendar year 2015 are projected to be about $240 million.Company expects no material impact to 2015 full year results related to the elmer's acquisition.Acquired business will be reported as part of Newell rubbermaid's writing segment with elmer's, x-acto and krazy glue.Says décor business is expected to generate about $310 million in net sales in 2015.Says acquired business will be reported as part of Newell rubbermaid's writing segment with elmer's.Says acquisition is expected to be financed through a combination of available liquidity and debt financings.2015 guidance remains unchanged at 4 to 5 percent core sales growth and normalized EPS of $2.14 to $2.20 per share.Décor business will continue to be reported as part of home solutions segment and will be managed as stand-alone business.In 2016, sees normalized EPS accretion from deal to be effectively offset by dilution associated with disposal of décor.  Full Article

Newell Rubbermaid declares dividend on common stock
Thursday, 13 Aug 2015 08:00am EDT 

Newell Rubbermaid Inc:Announces the declaration of a quarterly cash dividend of $0.19 per share.Says the dividend is payable Sept. 15 to common stockholders of record at the close of business on Aug. 31.  Full Article

Newell Rubbermaid Inc announces sale of Rubbermaid Medical Cart Business to Capsa Solutions
Thursday, 6 Aug 2015 09:15am EDT 

Newell Rubbermaid Inc:Says has sold its Rubbermaid medical carts business to Capsa Solutions.  Full Article

Newell Rubbermaid Inc raises FY 2015 guidance
Friday, 31 Jul 2015 06:30am EDT 

Newell Rubbermaid Inc:Says FY 2015 core sales guidance revised upward to 4 to 5 percent from 3.5 to 4.5 percent.Sees FY 2015 normalized EPS guidance revised upward to $2.14 to $2.20 from $2.10 to $2.18.  Full Article

Newell Rubbermaid Inc reaffirms FY 2015 guidance
Monday, 8 Jun 2015 04:01pm EDT 

Newell Rubbermaid Inc:Reaffirms FY 2015 net sales growth of 3.0 pct. to 4.0 pct. and normalized EPS $2.10 to $2.18.FY 2015 revenue of $5.91 billion and EPS of $2.16 - Thomson Reuters I/B/E/S.  Full Article

Newell Rubbermaid Inc declares quarterly cash dividend
Thursday, 14 May 2015 08:00am EDT 

Newell Rubbermaid Inc:Declares quarterly cash dividend of $0.19 per share.The dividend is payable June 15, to common stockholders of record at the close of business on May 29.  Full Article

Newell Rubbermaid Inc reaffirms FY 2015 guidance
Friday, 1 May 2015 07:45am EDT 

Newell Rubbermaid Inc:Sees FY 2015 net sales growth of 3.0 pct. to 4.0 pct. and normalized EPS $2.10 to $2.18.  Full Article

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

BRIEF-Newell Brands to reaffirm fiscal year 2016 outlook

* Fy2016 earnings per share view $2.84, revenue view $13.55 billion -- Thomson Reuters I/B/E/S