The Firm represented Newell Rubbermaid Inc. (NYSE: NWL) (“Newell Rubbermaid”) in connection with its announced combination with Jarden Corporation (NYSE: JAH) (“Jarden”) to create a $16 billion consumer goods company to be named Newell Brands, with a portfolio of leading brands, including Paper Mate®, Sharpie®, EXPO®, Parker®, Elmer’s®, Calphalon®, Rubbermaid®, Graco®, Baby Jogger®, Aprica®, Goody®, Irwin®, Lenox®, Rubbermaid Commercial Products®, Coleman®, First Alert®, FoodSaver®, Jostens®, K2®, NUK®, Oster®, Rawlings®, Sunbeam® and Yankee Candle®. Under the terms of the agreement, 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% of the company after the transaction is complete. The transaction is expected to close in the second quarter of 2016.
Newell Rubbermaid is a global marketer of consumer and commercial products with 2014 sales of $5.7 billion and a strong portfolio of leading brands. Jarden Corporation is a diversified, global consumer products company with a portfolio of over 120 trusted, authentic brands.
The Simpson Thacher team included Mario Ponce, Nick Ramphal and Christian Witzke (M&A); Brian Steinhardt (Banking and Credit); and John Creed (Tax).