MDP Inks Sale of Yankee Candle for $1.75 Bln

Jarden Corp. said Tuesday it agreed to buy Yankee Candle Investments from Madison Dearborn Partners for about $1.75 billion cash. The deal is expected to close early in fourth quarter. Jarden said it will fund the deal with cash on hand, common equity and the balance through a mix of bank debt and bonds. MDP put Yankee Candle up for sale earlier this year.

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