Jarden Announces 3-for-2 Stock Split
RYE, N.Y., Feb. 14, 2013
RYE, N.Y., Feb. 14, 2013 /PRNewswire/ -- Jarden Corporation (NYSE: JAH) today
announced that its Board of Directors approved a 3-for-2 stock split of its
outstanding shares of common stock. Stockholders of record at the close of
business on February 25, 2013 will receive one additional share of Jarden
common stock for every two shares of Jarden common stock owned on that date.
The additional shares are expected to be distributed on or about March 18,
2013. After giving effect to the split, the Company will have approximately
117.9 million shares of common stock outstanding.
Martin E. Franklin, Executive Chairman, commented, "The stock split announced
today reflects the confidence the Board and management have in our business
strategy and ability to continue Jarden's positive performance over the long
term. Today's stock split represents our fourth since 2002."
About Jarden Corporation
Jarden Corporation is a leading provider of a diverse range of consumer
products with a portfolio of over 100 trusted, quality brands sold globally.
Jarden operates in three primary business segments through a number of well
recognized brands, including: Outdoor Solutions: Abu Garcia®, Aero®, Berkley®,
Campingaz® and Coleman®, ExOfficio®, Fenwick®, Gulp!®, K2®, Marker®, Marmot®,
Mitchell®, Penn®, Rawlings®, Shakespeare®, Stearns®, Stren®, Trilene®, Volkl®
and Zoot®; Consumer Solutions: Bionaire®, Breville®, Crock-Pot®, FoodSaver®,
Health o meter®, Holmes®, Mr. Coffee®, Oster®, Patton®, Rival®, Seal-a-Meal®,
Sunbeam®, VillaWare® and White Mountain®; and Branded Consumables: Ball®,
Bee®, Bernardin®, Bicycle®, Billy Boy®, Crawford®, Diamond®, Dicon®, Fiona®,
First Alert®, First Essentials®, Hoyle®, Kerr®, Lehigh®, Lifoam®, Lillo®, Loew
Cornell®, Mapa®, NUK®, Pine Mountain®, Quickie®, Spontex® and Tigex®.
Headquartered in Rye, N.Y., Jarden ranks #371 on the Fortune 500 and has over
25,000 employees worldwide. For in-depth information about Jarden, please
Note: This news release contains "forward-looking statements" within the
meaning of the federal securities laws and is intended to qualify for the safe
harbor from liability established by the Private Securities Litigation Reform
Act of 1995, including statements regarding the Company's earnings per share
and adjusted diluted earnings per share, expected or estimated revenue,
segment earnings, net interest expense, income tax provision, cash flow from
operations, and reorganization and other non-cash charges, the outlook for the
Company's markets and the demand for its products, consistent profitable
growth, free cash flow, future revenues and gross, operating and EBITDA margin
improvement requirement and expansion, organic net sales growth, bank leverage
ratio, the success of new product introductions, growth in costs and expenses,
the impact of commodities, currencies and transportation costs and the
Company's ability to manage its risk in these areas, repurchase of shares of
common stock from time to time under the Company's stock repurchase program,
our ability to raise new debt, and the impact of acquisitions, divestitures,
restructurings, and other unusual items, including the Company's ability to
integrate and obtain the anticipated results and synergies from its
consummated acquisitions. These projections and statements are based on
management's estimates and assumptions with respect to future events and
financial performance and are believed to be reasonable, though are inherently
uncertain and difficult to predict. Actual results could differ materially
from those projected as a result of certain factors. A discussion of factors
that could cause results to vary is included in the Company's periodic and
other reports filed with the Securities and Exchange Commission.
SOURCE Jarden Corporation
Contact: For Jarden Corporation, Trisha Mount or Rachel Wilson,
+1-914-967-9400; Investor Relations, Allison Malkin or Press, Alecia Pulman,
both of ICR, Inc., +1-203-682-8200
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