The Wall Street Journal: Starboard launches proxy fight to oust Newell Brands board

An activist investor is launching a proxy fight to oust the entire board and chief executive of Newell Brands Inc., a conglomerate that makes everything from Elmer’s glue to Mr. Coffee machines.

Starboard Value LP is aligning with three former executives of Jarden Corp., which Newell NWL, -5.26% bought less than two years ago in a $15 billion deal, in its campaign to change course at the company, according to people familiar with the matter.

Unhappy about how the sprawling collection of consumer brands has been run since the 2016 deal, former Jarden management want to replace CEO Michael Polk and run the business, the people said.

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