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K2 Inc announces cash tender offer & related consent solicitation

19 Jul '07
3 min read

K2 Inc announced that it has commenced a cash tender offer to purchase any and all of its outstanding 7 3/8% Senior Notes due 2014 (CUSIP No. 482732AE4) (the "Notes"), and a related consent solicitation to amend the indenture pursuant to which the Notes were issued (the "Indenture").

The tender offer and consent solicitation are being made in connection with the previously announced Agreement and Plan of Merger by and among Jarden Corporation ("Jarden"), K2 Merger Sub Inc, a wholly-owned subsidiary of Jarden ("Merger Sub"), and K2 Inc ("K2"), pursuant to which Merger Sub will merge with and into K2, with K2 surviving the merger as a wholly-owned subsidiary of Jarden (the "Merger").

The tender offer and consent solicitation are made upon the terms and conditions set forth in the related Offer to Purchase and Consent Solicitation Statement dated July 18, 2007 (the "Offer to Purchase") and the related Consent and Letter of Transmittal, and are conditioned upon, among other things, the consummation of the Merger.

The tender offer is scheduled to expire at 11:59 P.M., New York City time, on Tuesday, August 14, 2007, unless amended, extended or earlier terminated (the "Expiration Date").

In order to be eligible to receive the Total Consideration for tendered Notes, holders must validly tender and not validly withdraw their Notes and validly deliver and not validly revoke their consents at or prior to 5:00 P.M., New York City time, on Tuesday, July 31, 2007, unless extended or amended (the "Consent Date"). Tendered Notes may not be validly withdrawn and delivered consents may not be validly revoked after the Consent Date.

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