P&G appoints Peltz to board despite losing proxy battle
Nelson Peltz founding partner of Trade Fund Management LP. speak at the WSJD Live conference in Laguna Beach, California October 25, 2016. REUTERS/Mike Blake/ (Reuters) - Procter & Gamble Co said it appointed Nelson Peltz to its board despite the activist investor narrowly losing a months-long proxy fight, the biggest ever involving a U.S. company. The company's shares were up 1 percent in after-market trading on Friday. Immediately after its annual meeting in mid-October, P&G said it beat Peltz by a slim margin, but a preliminary tally by ...
Click
To Read Full Article