SCHEDULE: Cooper Creek Partners Discloses 6.2% Newell Stake

Cooper Creek Partners Management LLC has disclosed a 6.2% beneficial ownership stake in Newell Brands Inc. common stock.

Summary

• Cooper Creek Partners Management LLC reported beneficial ownership of 25,985,548 shares of Newell Brands Inc. common stock.
• This ownership represents 6.2% of the total class of securities.
• The reporting entity, an investment adviser, holds sole voting power and sole dispositive power over all 25,985,548 shares.
• The filing was made under Rule 13d-1(b), certifying that the shares were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Newell Brands Inc.

Sentiment

Score: 7

Explanation: The disclosure of a significant passive stake by an investment adviser is generally viewed as a neutral to slightly positive signal, indicating confidence in the company without an immediate intent to influence control.

Positives

• The disclosure of a significant 6.2% stake by an investment adviser, Cooper Creek Partners Management LLC, may signal confidence in Newell Brands Inc.'s long-term prospects.
• The filing indicates the shares were acquired and are held in the ordinary course of business, suggesting a passive investment rather than an activist stance, which can provide stability.

Risks

• The filing explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, mitigating immediate control-related risks from this specific shareholder.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders may view the disclosure of a significant stake by an investment adviser as a vote of confidence in the company's value and future prospects.

Key Dates

Keywords

Newell Brands, Cooper Creek Partners, beneficial ownership, common stock, Schedule 13G, investment adviser, NWL