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Jarden To Offer 12 Million Common Shares

April 22, 2009 (FinancialWire) — Jarden Crop. (NYSE: JAH) said it has agreed to sell 12 million shares of common stock in a public offering underwritten by Barclays Capital. The offering increases Jarden’s fully diluted shares outstanding by around 16%.

The company said it plans to use the proceeds from the sale for general corporate purposes, including the reduction of outstanding debt.

Rye, New York-based Jarden is a provider of niche consumer products in segments including outdoor products, consumer products and branded consumables.

The company’s brands include Campingaz, Coleman, Rawlings, Oster, First Alert, and Pine Mountain, among others. Jarden has over 20,000 employees worldwide.

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