Does anyone have any views? Starboard will try to replace the board. Icahn has also put on a position. Company is fighting back with a letter of their own to shareholders after Starboard published 3. NWL is on the cheap side, especially considering the strong brands, but sales have declined and margins are down. Biggest issue is Starboard has not shared any plans except that they want to stop management from selling off parts of company but management has not done well over the last few years. One point of view is that the outcome in either case is good for shareholders. Mgmt has pressure to do something so good for investors or Starboard does something the market likes which is also good for investors. Fyi, currently have no position.
Submitted March 15, 2018 at 04:54AM by Sophocles75 http://ift.tt/2Du4Z3Q
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