Jarden Corporation, parent company of K2 and Volkl skis, announced that
its Board of Directors has authorized a new stock repurchase of up to
$100 million of its common stock. As of October 29, the company had
approximately 77.6 million shares of common stock outstanding.
“We seek ways to enhance shareholder value wherever they may be found.
We believe opportunistically acquiring shares of the company is
consistent with that goal,” said Martin E. Franklin, chairman and CEO
of Jarden Corporation.
Acquisitions under the stock repurchase program may be made from time
to time on the open market or in privately negotiated transactions at
the Company's discretion, at prevailing market prices as permitted by
securities laws and other legal requirements, and subject to market
conditions and other factors.
In addition to K2 and Volkl, Jarden also owns the Marker brand of ski
bindings and apparel, Marmot clothing and equipment, and numerous other
recreation and household brands
