Business news :Jarden Corp. Announces 3-for-2 Stock Split

Jarden Corporation's board of directors approved a 3-for-2 stock split of its outstanding shares of common stock. Stockholders of record at the close of business on February 25, 2013 will receive one additional share of Jarden common stock for every two shares of Jarden common stock owned on that date. The additional shares are expected to be distributed on or about March 18, 2013. After giving effect to the split, the Company will have approximately 117.9 million shares of common stock outstanding.

"The stock split announced today reflects the confidence the Board and management have in our business strategy and ability to continue Jarden's positive performance over the long term," said Martin E. Franklin, Executive Chairman. "Today's stock split represents our fourth since 2002."

Jarden Outdoor Solutions’ brands include Abu Garcia, Aero, Berkley, Campingaz and Coleman, ExOfficio, Fenwick, Gulp!, K2, Marker, Marmot, Mitchell, Penn, Rawlings, Shakespeare, Stearns, Stren, Trilene, Volkl and Zoot; The company also  operates a Consumer Solutions segment and a Branded Consumables segment that own a range of kitchen appliance, home security, lesure cleaning and other products. 

( SportsOneSource Media )

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