Kenvue Averts Proxy Battle With Starboard

Kenvue has struck a practice statement with Starboard Value, averting a proxy combat with the activistic concern firm Photo: REUTERS

Kenvue KVUE -1.56%decrease; reddish down pointing triangle has struck a practice statement with Starboard Value, averting a proxy combat with the activistic concern firm.

Kenvue connected Wednesday said it has added 3 caller committee members, including Starboard main Jeffrey Smith, who has expressed disappointment with the user wellness company’s absorption and share-price performance.

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