BRIEF-Starboard Issues Statement On Newell [Reuters]
Newell Brands Inc. (NWL)
Last newell brands inc. earnings: 5/1 07:30 am
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US:NYSE Investor Relations:
ir.newellbrands.com/investor-relations/default.aspx
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Source: Reuters
BRIEF-Starboard Issues Statement On Newell | Reuters Reuters Staff 1 Min Read March 20 (Reuters) - Newell Brands Inc: * CONTINUE TO BELIEVE NEWELL IS “SUBSTANTIALLY UNDERVALUED” & SIGNIFICANT OPPORTUNITIES EXIST TO CREATE “SUBSTANTIAL SHAREHOLDER VALUE” * STARBOARD - IAN ASHKEN, DOMENICO DE SOLE, MARTIN FRANKLIN, AND JAMES LILLIE ARE COLLECTIVELY WITHDRAWING THEIR NAMES FROM NOMINATION TO NEWELL’S BOARD * ?STARBOARD SAYS “WE BELIEVE THAT ASSET SALES, IF EXECUTED PROPERLY, CAN CREATE SUBSTANTIAL VALUE AT NEWELL?” * ?STARBOARD SAYS ON NEWELL, “CONFIDENT THAT THERE IS AN OPPORTUNITY TO IMPROVE OPERATING INCOME BY APPROXIMATELY $500 TO $800 MILLION” * IN ADDITION TO EXPLORING STRATEGIC ALTERNATIVES FOR NEWELL, “NEW BOARD BE EQUALLY AND SIMULTANEOUSLY FOCUSED ON OPERATIONAL IMPROVEMENTS AVAILABLE” * WILL BE RESERVING ITS RIGHTS AS TO NEWELL BOARD ELECTION CONTEST; IF MOVING FORWARD, FIRM WILL REDUCE ITS SLATE TO A MINORITY OF THE BOARD Source text for Eikon: Further company coverage: All
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NWL
Earnings
- 4/26/24 - Beat
NWL
Sec Filings
- 4/26/24 - Form 10-Q
- 4/26/24 - Form 8-K
- 3/27/24 - Form ARS
- NWL's page on the SEC website