Tuesday, April 10, 2007

Jarden buys Pure Fishing

(Reuters) - April 10 - Jarden Corp. , which makes small appliances and other consumer goods, said it acquired fishing tackle company Pure Fishing Inc. for $300 million in cash plus a note and warrants, chasing growth in recreational fishing.

The purchase price includes a $100 million five year note with a 2 percent coupon and warrants exercisable into Jarden common stock with a strike price of $45.32, Jarden said in a statement. Jarden shares last traded at $41.21.


Read more at Reuters.com Mergers News

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