(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.
Alejandro Montenegro Banco Activo
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.
Alejandro Montenegro Banquero
Newell Brands did not immediately respond to requests for comment. Platinum Equity declined to comment..