{"id":49348,"date":"2015-12-14T10:13:16","date_gmt":"2015-12-14T17:13:16","guid":{"rendered":"http:\/\/www.boardistan.com\/?p=49348"},"modified":"2015-12-14T11:42:28","modified_gmt":"2015-12-14T18:42:28","slug":"rubbermaid-buys-k2-ride-snowboards-parent","status":"publish","type":"post","link":"http:\/\/www.boardistan.com\/?p=49348","title":{"rendered":"Rubbermaid Buys K2 &#038; Ride Snowboards"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-thumbnail wp-image-49349\" src=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2015\/12\/K2_Logo_2015-178x200.jpg\" alt=\"K2_Logo_2015\" width=\"178\" height=\"200\" srcset=\"http:\/\/www.boardistan.com\/wp-content\/uploads\/2015\/12\/K2_Logo_2015-178x200.jpg 178w, http:\/\/www.boardistan.com\/wp-content\/uploads\/2015\/12\/K2_Logo_2015.jpg 400w\" sizes=\"(max-width: 178px) 100vw, 178px\" \/>Newell Rubbermaid<\/strong>, a\u00a0company that sounds more like a fetish doll manufacturer than a consumer brands company, has just purchased <strong>K2<\/strong> and <strong>Ride Snowboard&#8217;s<\/strong> parent company <strong>Jarden<\/strong>\u00a0today (December 14, 2015) in a deal worth more than $15 billion according to a story on <a href=\"http:\/\/www.forbes.com\/sites\/antoinegara\/2015\/12\/14\/martin-franklin-a-top-dealmaker-sells-as-newell-rubbermaid-buys-jarden-for-13-2-billion\/\"><strong>Forbes.com<\/strong><\/a>.<\/p>\n<blockquote><p>The deal will create a combined firm with $16 billion in annual revenue, owning brands ranging from <strong>Sharpie<\/strong>, <strong>Paper Mate<\/strong> and <strong>Graco<\/strong> strollers to <strong>Coleman<\/strong>, <strong>Sunbeam<\/strong>, <strong>Oster<\/strong> and <strong>Marmot<\/strong>. . . . Jarden shareholders will receive $21 a share in cash and 0.862 shares of Newell Rubbermaid. Combining Jarden with Newell Rubbermaid will fund the deal with cash on hand and new debt, levering itself to 3.0 to 3.5 times, but maintaining investment grade credit ratings. The acquisition is forecast to immediately bolster Newell\u2019s earnings per share by double digits when it closes, expected in mid-2016.<\/p><\/blockquote>\n<p>Those who love corporate snowboarding should take this\u00a0as a\u00a0cue to buy more K2 and Ride products as soon as possible. Maybe even for Christmas.<\/p>\n<p><strong>[Link: <a href=\"http:\/\/www.forbes.com\/sites\/antoinegara\/2015\/12\/14\/martin-franklin-a-top-dealmaker-sells-as-newell-rubbermaid-buys-jarden-for-13-2-billion\/\">Forbes<\/a>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Newell Rubbermaid, a\u00a0company that sounds more like a fetish doll manufacturer than a consumer brands company, has just purchased K2 and Ride Snowboard&#8217;s parent company Jarden\u00a0today (December 14, 2015) in a deal worth more than $15 billion according to a story on Forbes.com. The deal will create a combined firm with $16 billion in annual [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[4,12],"tags":[],"_links":{"self":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/49348"}],"collection":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49348"}],"version-history":[{"count":5,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/49348\/revisions"}],"predecessor-version":[{"id":49355,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=\/wp\/v2\/posts\/49348\/revisions\/49355"}],"wp:attachment":[{"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49348"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49348"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.boardistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49348"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}