Company News, Financial News

Yankee Candle Acquired

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By: TOM BRANNA

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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 before t...

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