Jarden To Issue Stock For $1.75B Yankee Candle Buy

Law360, New York (September 4, 2013, 12:37 PM EDT) -- Jarden Corp. on Wednesday said it would issue up to 13.3 million shares — worth nearly $600 million at recent prices — to help pay for its $1.75 billion acquisition of the Yankee Candle Co. Inc. from Madison Dearborn Partners LLC.

The consumer brand holding company, which struck a deal Monday for the largest U.S. scented candle maker, will issue 11.6 million shares, plus a 30-day underwriter option for 1.7 million more, at a still-undetermined price. Shares have spent August on a slide to the low...
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