05:19 AM EDT, 10/21/2024 (MT Newswires) -- Hedge fund Starboard Value has purchased a stake in Kenvue ( KVUE ) , media outlets reported Sunday, citing unnamed sources.

The size of the stake remains unclear, The Wall Street Journal, which first reported on the news, said. Specific ideas could also not be learned, according to the report.

Meanwhile, one of the sources said that Starboard may want Kenvue ( KVUE ) to review how it positions its brands and how they are priced to improve performance, Reuters said.

Starboard founder and Chief Executive Jeff Smith is expected to appear Tuesday at an activist investing conference in New York to detail his company's thesis on Kenvue ( KVUE ), sources told WSJ.

Kenvue ( KVUE ) did not immediately respond to MT Newswires' request for comment.

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