REUTERS/Mike Blake Procter and Gamble, the maker of household products like Tide and Crest, is sliding after claiming victory ina proxy battle with activist investor Nelson Peltz. Shares were down as much as 2.66% after the company said investors had rebuffed the activist investor. P&G is trading at $91.10 as of 11 a.m. in New York on Tuesday. Nelson Peltz began waging his proxy war after announcing a $3.5 billion stake in the company in February. He was nominated to the board in July and both P...
Procter and Gamble slides after claiming victory in biggest proxy fight in history (PG)
Business Insider - 10 Oct 2017 19:04
REUTERS/Mike Blake Procter and Gamble, the maker of household products like Tide and Crest, is sliding after claiming victory ina proxy battle with activist investor Nelson Peltz. Shares were down as much as 2.66% after the company said investors had rebuffed the activist investor. P&G is trading at $91.10 as of 11 a.m. in New York on Tuesday. Nelson Peltz began waging his proxy war after announcing a $3.5 billion stake in the company in February. He was nominated to the board in July and both P...
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