Piper Jaffray Upgrades Newell Rubbermaid (NWL) to Overweight

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Go back to Piper Jaffray Upgrades Newell Rubbermaid (NWL) to Overweight

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