Activist investor Starboard names two additional nominees to Rubbermaid parent Newell’s board


Hedge fund Starboard Value said on Monday it nominated two additional directors to the board of Newell Brands, taking the total number of nominees to 12 as the activist investor seeks to replace the entire board and chief executive.

The nominations come two weeks after Newell named two new independent directors, expanding the board size to 11, in an attempt to rebuff Starboard’s efforts.

The fund has said the company has underperformed peers and mismanaged the integration of Jarden, which it bought in 2016.

Source link

Products You May Like

Articles You May Like

Why Bear Stearns could absolutely happen again on Wall Street
2008 crisis could happen again because no one went to jail
Expect higher interest rates and smaller gain for stocks in 2018: CNBC survey
Steve Jobs’ pre-Apple job application priced at $174,000 at auction
Wall Street sticks by Facebook’s ‘extremely compelling’ valuation

Leave a Reply

Your email address will not be published. Required fields are marked *