Starboard Value has privately nominated five candidates to the board of Kenvue (KVUE), Matthew Monks and Crystal Tse of Bloomberg report, citing people familiar with the matter. Starboard and Kenvue have been in discussions about the company’s struggles, sources told Bloomberg. Starboard announced a stake in Kenvue in October at an investor conference, saying the shares were undervalued.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks