Nugget: Jarden starts a $500 million share repurchase program

Read the entire press release

Martin E. Franklin, Executive Chairman of Jarden Corporation, commented, “For the past several years, our key priorities for using our cash have been to reinvest in our businesses, to pay down debt and to make acquisitions where appropriate.  We have made significant progress on these efforts, and they will continue to be a focus.  However, given the weakness in our share price, current market dynamics, and the strength of our liquidity, we believe accelerating our repurchase of shares is an appropriate use of cash, in line with our ongoing commitment to increase shareholder value.”

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