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Article Date: April 2018
Word Count: 455

Newell Brands Settles Proxy Contest with Starboard


Under the terms of a new agreement, Starboard will appoint two new directors to the board who will be replacing two of the four directors that had been appointed by investor Carl Icahn as part of an earlier agreement with management to stave off Starboard. The Starboard directors will replace appointees of Icahn in the earlier agreement. As a result of the proxy fight, which initially involved the Jarden gang that sold its business to Newell and then said the integration was botched, nine of the 12 directors will be new to the board this year which has been expanded ... Log in to view full article.

 


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