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Newell Brands nears deal to sell Jostens to Platinum Equity: sources

(Reuters) – Newell Brands Inc ( NWL.N ) is nearing a deal to sell Jostens, a U.S. manufacturer of memorabilia such as class rings and yearbooks, to private equity firm Platinum Equity LLC for around $1.3 billion, two people familiar with the matter said on Tuesday.

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The sources, who asked not to be identified because the matter is confidential, cautioned that there was always a chance that negotiations end without a deal.

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Newell Brands did not immediately respond to requests for comment. Platinum Equity declined to comment..

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