Fight for control of Newell draws in Icahn
NEW YORK (AP) -- Billionaire investor Carl Icahn is jumping in to the fight for control over Newell Brands, buying a minority stake in the consumer products company that has been targeted by activist investor Starboard Value LP. Newell said Monday that it's struck a deal in which Icahn will nominate four people to its board, including his son, Brett Icahn. Carl Icahn owns nearly 7 percent on Newell's stock. Starboard told Newell in a letter last month that the company, with almost $15 billion in annual revenue, was being led badly, and nominated its own directors for the company board.
Story Sourcesfinance.yahoo.com foxbusiness.com business.financialpost.com uk.businessinsider.com myajc.com sacbee.com seattletimes.com uk.news.yahoo.com miamiherald.com sfgate.com