Jarden, Newell Begin Merger Talks
December 7, 2015,
MIAMI-Jarden Corp. and Newell Rubbermaid are engaged in talks about a possible merger, according to the Wall Street Journal and wire services reports.
If such a merger happens, it would create a company with combined annual sales of $14 billion. It would also combine such notable housewares brands as Sunbeam, Oster and Mr. Coffee from Jarden with Rubbermaid, Calphalon and Kirsch. The Journal stated Newell’s market capitalization as $12 billion, while Jarden’s market capitalization was valued at about $10.5 billion.
Terms of the deal were unavailable, and it’s possible that the talks won’t lead to an actual merger, according to the Journal report.