Edition:
United States

Key Developments: Newell Brands Inc (NWL)

NWL on New York Consolidated

45.54USD
29 Apr 2016
Change (% chg)

$2.12 (+4.88%)
Prev Close
$43.42
Open
$45.89
Day's High
$46.90
Day's Low
$44.96
Volume
14,456,678
Avg. Vol
5,895,103
52-wk High
$50.90
52-wk Low
$33.26

Search Stocks

Latest Key Developments (Source: Significant Developments)

Newell Brands Inc gives FY 2016 guidance
Friday, 29 Apr 2016 06:30am EDT 

Newell Brands Inc:guidance for Fy 2016 is 3 to 4 percent core sales growth and normalized EPS of $2.75 to $2.90.  Full Article

Newell Rubbermaid Inc prices $8.0 billion notes offering
Friday, 18 Mar 2016 05:29pm EDT 

Newell Rubbermaid Inc:Priced a registered underwritten public offering of $8.0 billion of notes, consisting of $1.0 billion of notes due 2019, $1.0 billion of notes due 2021, $1.75 billion of notes due 2023, $2.0 billion of notes due 2026, $500.0 million of notes due 2036 and $1.75 billion of notes due 2046.Offering is expected to close on March 30.Plans to use the net proceeds of the offering, together with other sources of funds including its new term loan facility to finance the cash consideration portion of the merger consideration for its pending acquisition of Jarden Corp.  Full Article

Newell Rubbermaid Inc sets quarterly cash dividend
Friday, 12 Feb 2016 08:00am EST 

Newell Rubbermaid Inc:Sets quarterly cash dividend of $0.19 per share.  Full Article

Newell Rubbermaid and Jarden Corporation announce consumer goods combination with $16 billion revenue
Monday, 14 Dec 2015 06:30am EST 

Jarden Corp:Transaction creates a $16 billion consumer goods company to be named Newell brands.Jarden shareholders will receive, for each Jarden share, $21 in cash and 0.862 shares of Newell Rubbermaid stock.Says deal creates substantial revenue synergies and $500 million cost synergies over four years.Based on Newell rubbermaid's closing share price as of December 11, 2015, the implied total consideration would be $60 per share.Transaction will be funded by cash on hand, debt and equity issued to Jarden shareholders.Newell Rubbermaid has obtained a committed bridge facility.Says michael polk, currently chief executive officer of Newell Rubbermaid to become chief executive officer of Newell brands.Mark Tarchetti, currently chief development officer of Newell, to become president of Newell brands upon completion of the transaction.Says three Jarden Corporation directors to join the Newell brands board of directors.Goldman, Sachs & co. served as lead financial advisor to Newell Rubbermaid and is providing committed financing for the transaction.Annualized dividend per share will be maintained at or above the current Newell Rubbermaid annualized level of $0.76 per share.Says Newell Rubbermaid shareholders will own approximately 55 percent of the company after the transaction is complete.  Full Article

Newell Rubbermaid reaffirms FY 2015 guidance
Monday, 16 Nov 2015 04:30pm EST 

Newell Rubbermaid:Reaffirms its FY 2015 guidance.Sees FY 2015 Net sales growth of 3.0% to 3.5%.Sees FY 2015 Normalized EPS of $2.14 to $2.20.FY 2015 revenue of $5.92 billion and EPS of $2.18 - Thomson Reuters I/B/E/S.  Full Article

Newell Rubbermaid declares dividend on common stock
Thursday, 12 Nov 2015 08:00am EST 

Newell Rubbermaid:Says declaration of a quarterly cash dividend of $0.19 per share.Payable December 15 to common stockholders of record date on November 30.  Full Article

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

Demand for pens to prams drives Newell Brands' sales

Newell Brands Inc , which owns more than 160 brands including Sharpie markers and Rubbermaid food containers, reported a 4 percent rise in quarterly sales as more customers bought its products ranging from pens to prams.

Search Stocks