Consumer products company Jarden Corporation has signed a definitive merger agreement to acquire US footwear and apparel company K2. Under the terms of the agreement, Jarden will pay $10.85 per share of K2 common stock in cash and will issue 0.1086 of a share of Jarden common stock (subject to adjustment) for each share of K2 common stock outstanding as of the closing.

Headquartered in Carlsbad, California, K2 is present in North America, Europe and Asia. Its brand portfolio includes Adio, Ex Officio, JT, K2, Marker, Marmot, Penn, Rawlings, Ride, Sevylor, Shakespeare, Stearns, Volkl, and Worth.