Hints and tips:
...When Covid-19 stimulus packages ended, “that was a big, big turning point”, said Ravi Saligram, chief executive of Newell Brands, the company behind Sharpie pens and Coleman tents....
...Newell and Icahn Enterprises did not immediately respond to a request for comment....
...Sujata Dantiki, a former global ecommerce strategy manager at Newell Brands who is now a consultant with SSA in New York, noted it came at a time of tension between some consumer packaged goods groups and...
...Newell’s learning and development segment saw its sales drop 8.8 per cent on the year....
...Newell Brands shares were down 14 per cent year-to-date as of Friday’s close....
...Newell stuck to its full-year guidance of net sales between $14.4bn to $14.8bn and normalised earnings of between $2.65 to $2.85 a share....
...Jeff Smith’s Starboard Value activist fund told Newell Brands shareholders this morning it is nominating four directors to the company’s board and seeking to replace three of Carl Icahn’s five representatives...
...Newell Brands, the company behind consumer products from Rubbermaid containers to Sharpie pens, announced higher pricing in anticipation of tariffs that could cost it $100m a year, but Michael Polk, its...
...Newell added that Mr Icahn had agreed to Ms Berman’s nomination....
...Martin Franklin, the billionaire investor who sold his consumer products roll-up Jarden Brands to Newell Rubbermaid for $15bn in 2016, resigned from the Newell Brands board, along with two other members,...
...It could prove tricky for the Newell management too. The beneficiaries will probably be other shareholders....
...$3.1bn Milan IPO in April (BBG) Sainsbury’s to detail price cuts to secure Asda deal (FT) Kraft Heinz threatened with potential downgrade by S&P (FT) Private equity buys US penny zinc supplier from Newell...
...Newell declined to comment on the filing....
...Last week, Newell announced the latest in a string of profit warnings, offering to divest assets worth $5bn in revenue....
...Newell also announced on Thursday that three board members would depart, including the Martin Franklin, the billionaire investor who had built Jarden, the consumer-product company Newell had acquired a year...
...Mr Franklin sold his consumer products roll-up, Jarden Brands to Newell Rubbermaid in 2016 for $15bn. Newell today boasts such brands as Sunbeam, Mr Coffee and CrockPot....
...Newell Brands is using an... innovative method to defend itself against Starboard Value's bid to replace its board....
...Newell Brands, the maker of Rubbermaid products and Victoria’s Secret parent L Brands are both at the bottom — down more than 15 per cent....
...Newell Brands said it now expected full-year 2017 adjusted earnings of between $2.95 and $3.05 a share, down from a previous forecast as high as $3.20 a share....
...Doug Oberhelman, Caterpillar (left after retiring) Scott Paul, Alliance for American Manufacturing (left after Charlottesville) Kevin Plank, Under Armour (left after Charlottesville) Michael Polk, Newell...
...Alex Gorsky, Johnson & Johnson Greg Hayes, United Technologies Marilynn Hewson, Lockheed Martin Jeff Immelt, General Electric Jim Kamsickas, Dana Inc....
...Elsewhere, investors cheered a move by Stanley Black & Decker to take over Newell Brands’ tools business for $1.95bn cash....
...On Wednesday, Stanley announced another tools move — it would buy the power tool brands of Newell Brands, a conglomerate that is slimming down, for $1.95bn....
...Since 2013 Newell has spent $1.2bn on acquisitions; Jarden $3.7bn....
...Newell Brands, the owner of Elmer’s glue, Sharpie pens and Yankee Candle, led the gains on the benchmark S&P 500 after it reported sales and earnings in its second quarter had eclipsed expectations....
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