Newell, Starboard Reach Agreement

The proxy fight between Newell Brands and Starboard Value LP appears to be over as the two parties have reached an agreement that includes the appointment of new members to Newell’s board of directors.

Amid Turmoil, Pier 1 Posts Q2 Loss

With a CEO search underway and a hedge fund recently taking a stake in the company, departing Pier 1 Imports chief executive officer Alex Smith had to report a second quarter constrained by soft store traffic.

Pier 1 Formulates Poison Pill

Following Alden Global Capital taking a 9.5% stake in the company, Pier 1 Imports stated that its board of directors had adopted a shareholder rights protection agreement.