April 25, 2007
On April 25, it was announced that Willkie client consumer products company Jarden Corporation (NYSE: JAH) signed a definitive agreement to purchase sports equipment maker K2 Inc. (NYSE: KTO) for $1.2 billion. The agreement calls for Jarden to pay $10.85 per share in cash and to issue 0.1086 of a share of Jarden common stock for each share of K2 common stock outstanding as of the closing (subject to certain adjustments). With over 20,000 employees worldwide, Rye, NY based-Jarden is a leading provider of niche consumer products used in and around the home, including popular brands Sunbeam, Mr. Coffee, Holmes and Bionaire. K2 Inc. is a premier consumer products company with a portfolio of leading brands in the action sports and apparel/footwear segments. The transaction was handled by partner William Grant and associate Mark Getachew, with assistance from partners Frank Daniele and Christopher Peters, special counsel Kim Walker and associates Michael Caplan, Stephane Huten, Katherine Schroeder, Katie Calabrese and Rebecca Gutner.
