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Pure Fishing owner said to be in merger talks

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Pure Fishing owner, the Jarden Corporation, is said to be in merger talks with another US conglomerate.

The owner of the world’s biggest fishing tackle manufacturer could be on the brink of a merger.

Jarden Corporation, which boasts the Pure Fishing group of companies within its portfolio, saw its stock market price rise by nearly 4% earlier this week following a report in the Wall Street Journal that it was in merger talks with Newell Rubbermaid, the maker of a wide variety of products including Irwin tools, Parker pens and Rubbermaid food containers.

Newell had a market value of $11.97 billion as of last week’s close, slightly more than Jarden’s market capitalisation of $10.65 billion.

Jarden, which is based in Rye, New York, acquired Pure Fishing, which includes some of the world’s top angling brands, for approximately $400m in April 2007. It added Sébile to its stable in 2011and the iconic UK brand Hardy & Greys in 2014.

Filed In: Product News