Connect With Us

Jarden to Buy Yankee Candle for $1.75B


Jarden Corp, known for its Mr. Coffee brand, said it entered an agreement to acquire scented candle maker Yankee Candle Co Inc for $1.75 billion from a fund managed by private equity owner Madison Dearborn Partners LLC failed to sell for a higher price earlier this year.

Jarden, which sells Crock-Pot slow cookers and Sunbeam electric blankets, said on Tuesday it would fund the transaction with cash, common equity and a mix of bank debt and bonds.

Read source

Please or Register to post comments.

Connect With Us
National Real Estate Investor Related Sites

Sponsored Introduction Continue on to (or wait seconds) ×