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Stock impact report

UPDATE 1-Starboard says four of its Newell board nominees pull out [Reuters (UK)]

Newell Brands Inc. (NWL) 
Last newell brands inc. earnings: 5/1 07:30 am Check Earnings Report
Company Research Source: Reuters
Starboard says four of its Newell board nominees pull out | Reuters Reuters Staff 2 Min Read (Reuters) - Four of activist hedge fund Starboard Value LP’s nominees to Newell Brands Inc’s ( NWL.N ) board of directors withdrew their nominations, a day after the consumer products maker gave billionaire investor Carl Icahn four board seats. If Starboard does decide to contest board elections at Newell, it would reduce its slate of nominees to a minority of the board, the Jeffrey Smith-led hedge fund said on Tuesday. Starboard had put forward a 12-member slate to replace Newell’s board, arguing that Newell has underperformed its peers and mismanaged its $15.4 billion acquisition of Jarden Corp in 2016. The hedge fund said Ian Ashken, Domenico De Sole, Martin Franklin and James Lillie — all former Jarden executives — had collectively withdrawn their nominations. Starboard had teamed up with the ex-Jarden executives in its effort to gain full control of Newell’s board and oust its CEO Micha Show less Read more
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