Jarden Corporation completed its acquisition of K2 Inc. The transaction is valued at approximately $1.2 billion, including the assumption or repayment of indebtedness. Under the terms of the agreement, K2 shareholders received 0.1118 of a share of Jarden common stock plus $10.85 in cash, for each share of K2 common stock held at closing.
Jarden said the combination with K2 strengthens its Outdoor Solutions segment through the addition of the K2, Marker, Marmot, Penn, Rawlings, Shakespeare, Volkl and Worth brands.
Former K2, Inc. Chairman and CEO Dick Heckman will join the Jarden, Inc. board of directors.
