Newell Brands Says On Sept 15, Carl C. Icahn, Notified Director Appointment & Nomination Agreement As Of March 18, 2018 Between Icahn Group, Co Terminated; Gaoxiang Hu And David Willetts Resigned From Board Of Directors Of Co
Portfolio Pulse from Benzinga Newsdesk
Newell Brands announced that the Director Appointment & Nomination Agreement between Icahn Group and the company, dated March 18, 2018, has been terminated. Additionally, Gaoxiang Hu and David Willetts have resigned from the company's Board of Directors.
September 18, 2023 | 1:30 pm
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NEUTRAL IMPACT
The termination of the agreement between Icahn Group, led by Carl C. Icahn, and Newell Brands could affect Icahn Enterprises' influence over Newell Brands.
The termination of the agreement could reduce Icahn Enterprises' influence over Newell Brands, but the immediate impact on Icahn Enterprises' stock price is uncertain.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Newell Brands' agreement with Icahn Group has ended and two board members have resigned, which could lead to changes in the company's strategic direction.
The termination of the agreement with Icahn Group and the resignation of two board members could lead to changes in Newell Brands' strategic direction. However, the immediate impact on the company's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100