Yankee Candle Co Inc , the largest scented candle company in the United States, is being prepared for a sale by its private equity owner, three people familiar with the matter said on Monday.The company, which was acquired by Chicago-based takeover firm Madison Dearborn Partners for $1.6 billion in 2006, is working with Barclays and Bank of America Merrill Lynch on a sale process that is still in the early stages, the people said.The people asked not to be named because the process is not public. Representatives of Barclays and Bank of America declined to comment. Madison Dearborn did not immediately respond to requests for comment.Yankee Candle, which is based in South Deerfield, Massachusetts, generated earnings before interest, tax, depreciation and amortization (EBITDA) of $201.1 million and revenue of $844.2 million in 2012.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC traded higher by 0.66% or $0.08/share to $12.15. In the past year, the shares have traded as low as $6.72 and as high as $12.44. On average, 164648000 shares of BAC exchange hands on a given day and today's volume is recorded at 106427776.
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