, Columnist
Stockpiling Away in Margaritaville
The combination with Jarden's consumer stable has promising synergies.
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Do baby strollers belong in Margaritaville?
That's the sort of blending that's taking place as part of Newell Rubbermaid's $15.4 billion stock-and-cash purchase of fellow consumer product aggregator Jarden. The deal will combine brands as varied as Graco baby products, Sharpie pens, Yankee Candles and the mix for the aforementioned concoction with salt. Financially, the deal makes plenty of sense. Jarden shareholders are receiving an implied price of about $60 a share based on last week's prices, a higher value than the stock had ever reached on its own. But the price isn't so rich that it will prevent the deal from adding to earnings for Newell Rubbermaid's investors.