|
|
Article: Yankee candle acquired by private equity firm.(Financial News)
- Article from:
- Household & Personal Products Industry
- Article date:
- November 1, 2006
CopyrightCOPYRIGHT 2006 Rodman Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
* Madison Dearborn Partners LLC, a private equity firm, will pay about $1.4 billion in cash to acquire Yankee Candle, South Deerfield, MI. Including assumed debt, the deal is worth about $1.7 billion.
Under terms of the agreement, Yankee Candle shareholders will receive $34.75 per share in the deal, which is expected to close in the first quarter. On Oct. 24, Yankee's share price closed at $28.72.
The price is a premium of more than 57% to the company's closing price on July 25, the day ...
Related newspaper, magazine, and journal articles:
|
|
Article: Yankee Candle posts higher than expected ...
Household & Personal Products Industry;
February 1, 2007 ;
685 words
...* Yankee Candle Co. Inc., expects fourth-quarter and full-year profit and sales ... agreement effective first-quarter 2007, Chicago-based private equity firm Madison Dearborn Partners LLC has acquired the maker and retailer of ...
|
|