Newell and Jarden merged in a $16n deal.

Newell Rubbermaid, an American worldwide maker, marketer and distributor of consumer and commercial products, and Jarden, an American consumer products company, merged in a $16n deal. Jarden shareholders received, for each Jarden share, $21 in cash and 0.862 of a share in Newell Rubbermaid stock at closing. “The combination of our two great organizations creates a powerhouse consumer goods company and sets up a very exciting long-term growth and value creation story,” said Michael Polk, Newell Brands Chief Executive Officer. “I am honored to have the opportunity to lead Newell Brands and the development of our business. We expect Newell Brands to unlock far greater upside than either company could have on their own. I want to thank Martin Franklin, Ian Ashken and Jim Lillie for their achievements and leadership at Jarden and for the role they have played in helping us bring our companies together. Our immediate focus will be to deliver our 2016 financial objectives, start the work of integrating the two companies and develop the long term corporate and portfolio strategy that will guide the choices we make and the realization of the company’s full potential.”