Edition:
United States

Newell Brands Inc (NWL.N)

NWL.N on New York Stock Exchange

25.78USD
4:02pm EDT
Change (% chg)

$-0.52 (-1.98%)
Prev Close
$26.30
Open
$26.25
Day's High
$26.40
Day's Low
$25.71
Volume
832,567
Avg. Vol
2,253,043
52-wk High
$54.18
52-wk Low
$22.60

Latest Key Developments (Source: Significant Developments)

Newell Brands Says Mark Tarchetti Informed Of His Resignation From Position As President
Thursday, 17 May 2018 08:30am EDT 

May 17 (Reuters) - Newell Brands Inc ::NEWELL BRANDS INC - STOCKHOLDERS ELECTED EACH OF 12 NOMINEES TO BOARD FOR A ONE-YEAR TERM.NEWELL BRANDS INC - STOCKHOLDERS APPROVED ADVISORY RESOLUTION APPROVING EXECUTIVE COMPENSATION.NEWELL BRANDS INC - MARK S. TARCHETTI INFORMED OF HIS RESIGNATION FROM HIS POSITION AS PRESIDENT.NEWELL BRANDS INC - CHIEF EXECUTIVE OFFICER, MICHAEL B. POLK APPOINTED PRESIDENT.  Full Article

Newell Brands Announces Agreement With Carl C. Icahn
Monday, 19 Mar 2018 06:30am EDT 

March 19 (Reuters) - Newell Brands Inc ::NEWELL BRANDS ANNOUNCES AGREEMENT WITH CARL C. ICAHN.NEWELL BRANDS INC - D. CAMPBELL NAMED NON-EXECUTIVE CHAIRMAN OF BOARD.NEWELL BRANDS INC - NEW INDEPENDENT DIRECTORS APPOINTED TO BOARD OF DIRECTORS.NEWELL BRANDS INC - 4 NEW INDEPENDENT DIRECTORS APPOINTED TO BOARD OF DIRECTORS​.NEWELL BRANDS INC - ‍NEWELL BRANDS AND CARL C. ICAHN "ALIGN ON COMPANY STRATEGY AND ACCELERATED TRANSFORMATION PLAN"​.NEWELL BRANDS INC - ‍ICAHN AGREED TO VOTE ALL OF HIS SHARES IN FAVOR OF NEWELL BRANDS NOMINEES AT 2018 ANNUAL MEETING OF STOCKHOLDERS​.NEWELL BRANDS- ENTERED INTO COOPERATION AGREEMENT WITH CARL C. ICAHN, WHO BENEFICIALLY OWNS ABOUT 6.9 PERCENT OF CO'S OUTSTANDING SHARES.NEWELL BRANDS INC - AGREED TO APPOINT ‍PATRICK CAMPBELL, BRETT ICAHN, ANDREW LANGHAM AND COURTNEY MATHER DESIGNATED BY ICAHN TO BOARD.NEWELL BRANDS- DEAL WITH ICAHN PROVIDES CO'S FINANCE COMMITTEE WILL OVERSEE DIVESTITURES CONTEMPLATED BY CO'S EXPANDED ACCELERATED TRANSFORMATION PLAN.NEWELL BRANDS - ‍JUDITH SPRIESER & ANOTHER INDEPENDENT DIRECTOR NOMINEE TO BE DESIGNATED BY ICAHN TO BE NOMINATED TO STAND FOR ELECTION AT 2018 ANNUAL MEETING​.NEWELL BRANDS INC - FOLLOWING CHANGES TO BOARD, CO'S BOARD WILL COMPRISE OF 11 DIRECTORS.NEWELL BRANDS INC - "‍BELIEVES THERE ARE FURTHER ACCRETIVE DIVESTITURE OPPORTUNITIES​".NEWELL BRANDS - FURTHER ACCRETIVE DIVESTITURE OPPORTUNITIES THAT WILL BRING TOTAL YIELD OF TRANSFORMATION PLAN TO ABOUT $10 BILLION OF AFTER-TAX PROCEEDS​‍​.  Full Article

Carl Icahn Says Believe Newell Brands Shares Are "Undervalued" - SEC Filing
Friday, 16 Mar 2018 04:27pm EDT 

March 16 (Reuters) - Icahn Enterprises Lp ::CARL ICAHN SAYS BELIEVE NEWELL BRANDS SHARES ARE "UNDERVALUED" - SEC FILING.CARL C. ICAHN - INTEND TO ENGAGE IN DISCUSSIONS WITH REPRESENTATIVES OF NEWELL BRANDS'S MANAGEMENT, BOARD REGARDING WAYS TO ENHANCE SHAREHOLDER VALUE ‍​.CARL ICAHN REPORTS STAKE OF 6.86 PERCENT IN NEWELL BRANDS INC, AS OF MARCH 13, 2018 - SEC FILING ‍​.CARL ICAHN - EXPECT TO HAVE FURTHER DISCUSSIONS WITH STARBOARD VALUE REGARDING ITS PROXY CONTEST AGAINST NEWELL.CARL ICAHN - DO NOT HAVE ANY AGREEMENTS WITH NEWELL BRANDS OR STARBOARD & CONTINUE TO ASSESS STARBOARD'S PROXY CONTEST.CARL ICAHN - NOT DETERMINED WHETHER TO SUPPORT NEWELL BRANDS MANAGEMENT OR STARBOARD.  Full Article

Former Newell Director Indicates Support For Starboard's Efforts In Public Statement
Monday, 12 Mar 2018 04:00pm EDT 

March 12 (Reuters) - Newell Brands Inc ::FORMER NEWELL DIRECTOR INDICATES SUPPORT FOR STARBOARD'S EFFORTS IN PUBLIC STATEMENT.STARBOARD VALUE LP - FORMER NEWELL DIRECTOR KEVIN CONROY HAS PUBLICLY SUPPORTED STARBOARD'S EFFORTS FOR CHANGE AT NEWELL.STARBOARD VALUE LP SAYS STARBOARD, TOGETHER WITH OTHER PARTICIPANTS IN ITS SOLICITATION OWNS ABOUT 4 PERCENT OF NEWELL BRANDS'S OUTSTANDING SHARES.  Full Article

Starboard Issues Letter To Newell Shareholders
Monday, 5 Mar 2018 06:00am EST 

March 5 (Reuters) - Newell Brands Inc ::STARBOARD ISSUES LETTER TO NEWELL SHAREHOLDERS.STARBOARD VALUE LP​ - ADDITIONAL NOMINATIONS OF BRIDGET RYAN BERMAN, ROBERT A. STEELE IN RESPONSE TO NEWELL'S UNILATERAL EXPANSION OF BOARD.STARBOARD VALUE SAYS TOGETHER WITH OTHER PARTICIPANTS IN SOLICITATION BENEFICIALLY OWNS APPROXIMATELY 4% OF​ NEWELL BRANDS INC ‍.  Full Article

Newell Brands Reaffirms Full-Year 2018 Outlook
Thursday, 22 Feb 2018 06:31am EST 

Feb 22 (Reuters) - Newell Brands Inc ::NEWELL BRANDS PROVIDES UPDATE ON ACCELERATED TRANSFORMATION PLAN AT CAGNY CONFERENCE.REAFFIRMS FULL-YEAR 2018 OUTLOOK.NEWELL BRANDS - FOLLOWING POTENTIAL DIVESTITURES, EXPECTS TO HAVE 9 CORE CONSUMER DIVISIONS WITH ABOUT $11 BILLION IN NET SALES AND $2 BILLION OF EBITDA.DIVESTITURE PLAN IS EXPECTED TO GENERATE APPROXIMATELY $6 BILLION IN NET PROCEEDS AFTER TAXES.FY2018 EARNINGS PER SHARE VIEW $2.70, REVENUE VIEW $14.56 BILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Newell Brands Announces Board Refreshment With Three New Independent Directors
Thursday, 22 Feb 2018 06:30am EST 

Feb 22 (Reuters) - Newell Brands Inc ::NEWELL BRANDS ANNOUNCES BOARD REFRESHMENT WITH THREE NEW INDEPENDENT DIRECTORS.ADDITIONALLY, CO INTENDS TO NOMINATE JUDITH SPRIESER TO BOARD.APPOINTED JAMES CRAIGIE AND DEBRA CREW AS NEW INDEPENDENT DIRECTORS TO BOARD.CRAIGIE IS NON-EXECUTIVE CHAIRMAN AND EX. CEO OF CHURCH & DWIGHT.DEBRA CREW IS EX. CEO OF REYNOLDS AMERICAN; JUDITH SPRIESER IS FOUNDER AND EX. CEO OF TRANSORA.  Full Article

Newell Brands Q4 Earnings Per Share $3.38
Friday, 16 Feb 2018 06:30am EST 

Feb 16 (Reuters) - Newell Brands Inc ::NEWELL BRANDS ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $0.68.Q4 EARNINGS PER SHARE $3.38.Q4 REVENUE $3.7 BILLION.Q4 EARNINGS PER SHARE VIEW $0.67, REVENUE VIEW $3.69 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY ‍NET SALES DECLINED 9.5 PERCENT TO $3.7 BILLION​.SEES 2018 NET SALES $14.4 BILLION TO $14.8 BILLION.SEES 2018 ‍NORMALIZED EARNINGS PER SHARE BETWEEN $2.65 TO $2.85​.SEES 2018‍ OPERATING CASH FLOW BETWEEN $1.15BN TO $1.45BN​.FY2018 REVENUE VIEW $14.41 BILLION -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $2.71 -- THOMSON REUTERS I/B/E/S.‍U.S. TAX REFORM-RELATED BENEFITS AND EXPENSES INCLUDING RECOGNITION OF A $1.5 BILLION BENEFIT IN QUARTER​.‍QTRLY REPORTED DILUTED EPS INCREASED LARGELY DUE TO ONE-TIME TAX BENEFIT AS A RESULT OF TCJA.  Full Article

Newell Brands Declares Dividend On Common Stock
Wednesday, 14 Feb 2018 04:30pm EST 

Feb 14 (Reuters) - Newell Brands Inc ::NEWELL BRANDS DECLARES DIVIDEND ON COMMON STOCK.SETS QUARTERLY CASH DIVIDEND OF $0.23PER SHARE.  Full Article

Starboard Delivers Letter To Newell CEO, Board
Monday, 12 Feb 2018 08:03am EST 

Feb 12 (Reuters) - Newell Brands Inc ::STARBOARD DELIVERS LETTER TO NEWELL CEO AND BOARD OF DIRECTORS.STARBOARD VALUE LP - TOGETHER WITH OTHER PARTICIPANTS IN SOLICITATION BENEFICIALLY OWNS ABOUT 4% OF NEWELL BRANDS' OUTSTANDING SHARES.STARBOARD - ALSO CONFIRMED IT NOMINATED FULL SLATE OF DIRECTOR CANDIDATES, INCLUDING THREE FORMER OPERATORS OF JARDEN, FOR ELECTION TO NEWELL BOARD.  Full Article

Newell to sell Rawlings Sporting Goods for $395 million

Consumer products maker Newell Brands Inc said on Tuesday it would sell its Rawlings Sporting Goods brand to Seidler Equity Partners for about $395 million, as part of a plan to raise about $10 billion through divestitures.