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Tags: nelson peltz | trian | p&g | procter andgamble

Trian's Peltz Wins Proxy Fight Against P&G, Gets Board Seat

(Trian)

Wednesday, 15 November 2017 05:20 PM EST

Activist hedge fund Trian's Nelson Peltz has won a proxy fight with Procter & Gamble Co. and has been appointed to the company's board.

Peltz won by 43,000 votes in a recount, a source told Reuters on Tuesday.

The maker of Tide detergent last month said that Peltz had lost his bid to win a seat on the company's board by 6.15 million votes, according to a preliminary tally.

Shares of the company were up 3.4 percent at $91.14 after market.

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