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JARDEN ANNOUNCES CLOSING OF COMMON STOCK OFFERING RYE_ N.Y._ Nov

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JARDEN ANNOUNCES CLOSING OF COMMON STOCK OFFERING RYE_ N.Y._ Nov Powered By Docstoc
					       JARDEN ANNOUNCES CLOSING OF COMMON STOCK OFFERING

RYE, N.Y., Nov. 14 - Jarden Corporation (NYSE: JAH) today announced the closing of
its public offering of 11,500,000 shares of common stock at $36.25 per share. Warburg
Pincus and its affiliates sold 7,500,000 shares, bringing their ownership to under 10% of
Jarden's outstanding common stock. In addition, Jarden issued and sold 4,000,000 shares
of common stock. The net proceeds to Jarden, after payment of underwriting discounts
and other expenses of the offering, was approximately $138 million. Jarden intends to use
the net proceeds for debt repayment, potential future acquisitions and general corporate
purposes. Warburg Pincus and the other potential selling stockholders, including the
Chief Executive Officer and Chief Financial Officer and other executive officers and
directors of Jarden, have also granted the underwriters of the offering a 30-day option to
purchase up to 1,725,000 additional shares of common stock. Jarden will not receive any
proceeds from the secondary shares sold by Warburg Pincus and the other selling
stockholders.

Lehman Brothers Inc., Citigroup Corporate and Investment Banking and Goldman, Sachs
& Co. served as joint book running managers for the offering. CIBC World Markets
Corp., SunTrust Capital Markets, Inc., and William Blair & Co., L.L.C. served as co-
managers for the offering. Copies of the prospectus supplement and related prospectus
may be obtained from Lehman Brothers Inc., c/o ADP Financial Services, Prospectus
Fulfillment, 1155 Long Island Avenue, Edgewood, New York 11717, e-mail:
Monica_Castillo@adp.com, (fax: 631-254- 7268); Citigroup Corporate and Investment
Banking, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220,
(tel: 718-765-6732; fax: 718-765- 6734); or, from Goldman, Sachs & Co., 85 Broad
Street, New York, New York 10004, (tel: 866-471-2526).

The offering was made pursuant to Jarden's effective shelf registration statement
previously filed with the Securities and Exchange Commission. This press release does
not constitute an offer to sell or a solicitation of an offer to buy shares of Jarden's
common stock, nor shall there be any sale of these securities in any jurisdiction in which
such an offer, solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such jurisdiction. The offering of these securities may be
made only by means of the prospectus supplement and the related prospectus.

Jarden Corporation is a leading provider of niche consumer products used in and around
the home. Jarden operates in three primary business segments through a number of well
recognized brands, including: Branded Consumables: Ball(R), Bee(R), Bicycle(R),
Crawford(R), Diamond(R), First Alert(R), Forster(R), Hoyle(R), Kerr(R), Lehigh(R),
Leslie-Locke(R), Loew-Cornell(R) and Pine Mountain(R); Consumer Solutions:
Bionaire(R), Crock-Pot(R), FoodSaver(R), Harmony(R), Health o meter(R), Holmes(R),
Mr. Coffee(R), Oster(R), Patton(R), Rival(R), Seal-a-Meal(R), Sunbeam(R),
VillaWare(R) and White Mountain(TM); and Outdoor Solutions: Campingaz(R) and
Coleman(R). Headquartered in Rye, N.Y., Jarden has over 20,000 employees worldwide.

CONTACT: Martin E. Franklin, Chairman and Chief Executive Officer of
Jarden Corporation, +1-914-967-9400; or Investor Relations: Melissa Myron, or
Press: Evan Goetz or Melissa Merrill, all of Financial Dynamics,
+1-212-850-5600
Web site: http://www.jarden.com

				
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posted:7/25/2011
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