Kenvue avoids proxy battle with Starboard by adding new board members.

From Wall Street Journal: 2025-03-05 08:50:00

Kenvue stock decreased by 1.56% after striking a cooperation agreement with Starboard Value, avoiding a proxy fight. The consumer health company added three new board members, including Starboard chief Jeffrey Smith, who criticized management and share-price performance. Copyright ©2025 Dow Jones & Company, Inc. All Rights Reserved.

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