Has Activist Investor Peltz Lost His Proxy Battle with Procter & Gamble?
Activist Investor Nelson Peltz has apparently lost his proxy bid to gain a board seat on Dow 30 component and Cincinnati, OH-based Procter & Gamble (PG) as reported by Reuters as a preliminary tally has voted down his initiative. Nelson Peltz’s fund Trian, a $14 billion New York-based hedge fund, owns ~$3.5 billion of PG, which currently enjoys a total valuation of ~$230 billion. This proxy battle was also reported as the largest and most expensive on record.
To learn more about Procter & Gamble (PG) and to track their progress please the Vista Partners Company Dedicated Page.