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Jarden Corp.

Newell Brands sells tool business for $1.95 billion

Newell Brands sells tool business for $1.95 billion

HOBOKEN, N.J. — As part of its recently announced growth strategy, Newell Brands Inc. plans to sell its tool brands to Stanley Black & Decker in a $1.95 billion deal. Newell said Wednesday that the agreement includes its Irwin, Lenox and Hilmor brands. The company is retaining its Dymo Industrial labeling business, which was reported

Newell Rubbermaid Acquires Jarden

Newell Rubbermaid Acquires Jarden

ATLANTA — Newell Rubbermaid Inc. is buying Jarden Corp. for about $13.2 billion in cash and stock, combining brands including Paper Mate, Sunbeam and Yankee Candle. Jarden shareholders will receive, per share, $21 and 0.862 shares of Newell Rubbermaid stock at closing. Based on Newell Rubbermaid’s closing price on December 11, the implied total consideration