NEW YORK, Dec. 18, 2015 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Jarden Corp. ("Jarden" or the "Company") (NYSE: JAH) for potential breaches of fiduciary duties in connection with the sale of the Company to Newell Rubbermaid Inc. for approximately $17.93 billion.
The Company's stockholders will only receive $21.00 in cash and 0.862 shares of Newell Rubbermaid Inc. stock for each share of Company common stock they own, or approximately $59.04 per share. However, the offer is below at least one analyst's target price of $65.00 per share.
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The investigation focuses on whether Jarden's Board of Directors breached their fiduciary duties to the Company's stockholders by failing to conduct a fair sales process and whether and by how much this proposed transaction undervalues the Company to the detriment of Jarden's shareholders.
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If you own common stock in Jarden and wish to obtain additional information and protect your investments free of charge, please visit us at www.faruqilaw.com/JAH or contact Juan Monteverde, Esq. either via e-mail at email@example.com or by telephone at (877) 247-4292 or (212) 983-9330.
Contact: Faruqi & Faruqi, LLP 685 3rd Avenue, 26th Floor New York, NY 10017 Attn: Juan Monteverde, Esq. firstname.lastname@example.org Toll Free: (877) 247-4292 Phone: (212) 983-9330
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