Starboard Seeks Four Board Seats at Newell

(Reuters) Activist hedge fund Starboard Value LP said on Tuesday it plans to seek four board seats at consumer products group Newell Brands (NWL.N), arguing more work is needed to repair the company even after rival activist Carl Icahn was handed board seats. “We are seeking your support for the election of our four (4) nominees at the Company’s annual meeting of stockholders scheduled to be held on Tuesday, May 15, 2018,” Starboard’s chief executive officer Jeffrey Smith wrote in a filing.

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