Icahn Acquires Stake in Newell Brands (NWL) - NYP
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Price: $5.04 +0.20%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 7.8%
Revenue Growth %: +1.5%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 7.8%
Revenue Growth %: +1.5%
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Carl Icahn acquired a leading equity stake in Newell Brands (NYSE: NWL), according to the New York Post, citing three sources. His position was acquired before Starboard disclosed its 4 percent stake, and he could have a key role in deciding the winner of an ongoing proxy fight, the report said.
Icahn owns less than a 5 percent stake.
UPDATE: Icahn will discuss the Newell Brands stake on CNBC at noon.
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