Blue Harbour Group Comments on Yankee Candle Acquisition

GREENWICH, Conn., Oct. 25  /PRNewswire/ -- Blue Harbour Group, which owns about 3.8 million shares of Yankee Candle Company Inc. (NYSE:YCC), or approximately 10% of the Company, today issued the following statement from its Chief Executive Officer, Clifton S. Robbins, commenting on Yankee Candle's agreement to be acquired for $34.75 per share in cash:

"Blue Harbour has been working with Yankee Candle's management for the past year on alternatives to create and unlock value.  This agreement recognizes that Yankee Candle is an excellent company with strong cash flows and growth prospects.  We applaud Yankee Candle's board on today's very positive development for shareholders."

Blue Harbour Group, which has in excess of $1 billion in capital, was formed in 2004 to pursue a private equity approach to public markets by acting as a lead minority investor, working cooperatively with managements and boards to create and unlock shareholder value.

CONTACT:  Adam Weiner

[phone] 

DATASOURCE: Blue Harbour Group



CONTACT:  Adam Weiner, [phone]

Copyright