Starboard to Try to Replace Entire Newell Brands Board

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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 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.

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