 |
Joele Frank, Wilkinson Brimmer Katcher is working for Newell Brands as the Hoboken-based consumer products company faces a potential proxy fight with activist investor Starboard Value.
Newell today advised shareholders to sit tight as "no action is required at this time" concerning Starboard's plan to nominate ten directors to replace its entire board. Newell promised to review the qualifications of "validly submitted proposed director nominees."
The company expressed support for its "highly qualified and experienced directors" who possess the global leadership, finance, brand management and manufacturing savvy that is critical to its success.
Newell assured investors that its "accelerated transformation plan" announced Jan. 25 will improve operational performance and enhance shareholder value.
That program called for exploring strategic options for Rubbermaid's commercial unit, Waddington, Rawlings, Goody, US Playing Cards and other units to focus on more "consumer-facing categories" with a combined $11B revenue base.
JFWBK's Ed Trissel represents Newell.
Prosek Partners handles New York’s Tilray Brands, craft beer & cannabis operation, as it acquires BrewDog, a leading British independent beer producer in the UK, for $45M.
Brunswick Group handles Zurich Insurance as it agrees to buy UK-based Beazley specialty insurer in a deal valued at $11B.
FGS Global represents Brink’s as it agrees to acquire NCR Atleos, which relies on Collected Strategies, in a $6.6B cash & stock deal to create a leading fintech infrastructure company. (Updated)
A January article in O’Dwyer’s proposes that in 2026, the strongest financial brands will not simply tell compelling stories—they will “signal readiness.”
C Street Advisory Group is working the Chapter 11 filing of Axip Energy Services as it unloads its nearly all of its assets to deal with a heavy debt load.
