WSJ - US Business

Trian to Launch Proxy Fight Against P&G

Investor Nelson Peltz plans to launch a fight for a board seat at Procter & Gamble Co., in an effort to jolt the consumer-products giant whose sales and profit growth stalled, according to people familiar with the matter.

The move would make P&G, with a market value of $ 222 billion, the largest company ever to face a proxy fight. Should Mr. Peltz’s Trian Fund Management LP win, which is far from guaranteed given how much support it must gain from other shareholders, it would mark a new milestone for a…

WSJ.com: US Business

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