Piper Jaffray Upgrades Newell Rubbermaid (NWL) to Overweight
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Newell Rubbermaid and Jarden Corporation Announce Consumer Goods Combination with $16 Billion Revenue
December 14, 2015 6:30 AM EST- Strong portfolio of leading brands to be called Newell Brands
- Transaction expected to be immediately accretive to normalized EPS
- Substantial revenue synergies and $500 million cost synergies over four years
Executive Summary
Jarden shareholders will receive, for each Jarden share, $21 in cash and 0.862 of a share in Newell Rubbermaid stock at closing; Newell Rubbermaid shareholders will own approximately 55 percent of the company after the transaction is complete Combination creates $16 billion consumer goods company with portfolio of power brands in large,... More