|Bid||321.00 x 0|
|Ask||0.00 x 0|
|Day's Range||306.95 - 306.95|
|52 Week Range||306.95 - 320.75|
|PE Ratio (TTM)||54.88|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Just a month ago, Procter & Gamble claimed to have survived a challenge from activist investor Nelson Peltz, saying that its 11-director slate had been victorious in the biggest proxy battle in U.S. history. Last week, a new vote tally showed that Peltz’s Trian Fund Management had won a board seat. P&G reportedly is deciding whether to contest the latest results.
Naming hedge-fund billionaire Nelson Peltz to the Procter & Gamble board will be beneficial to shareholders, CalSTRS' Anne Sheehan said.
Procter & Gamble revealed today the company has acquired Native, a startup competitor that specializes in direct-to-consumer personal care products that are devoid of what some people consider to be harmful chemicals. The Cincinnati-based maker of consumer goods such as Secret antiperspirant (PG) described Native as one of the fastest-growing deodorant brands in North America. Financial terms of the deal weren’t disclosed, but P&G reportedly paid $100 million in cash. It was P&G's first acquisition in eight years.
Procter & Gamble's management should grow up and take its medicine. For nine months, the US consumer goods company has been battling activist investor Nelson Peltz. He argues that the $226bn group - maker ...
It has been a miserable year for the holding companies that own the world's largest advertising groups, with shares in WPP, Publicis, Omnicom and Interpublic Group all down sharply over the past 12 months. ...
Procter & Gamble shows extreme aversion to adding Mr. Peltz to its board of directors. But management is already taking some of his suggestions to heart.
Wall Street's main indexes rose sharply on Thursday boosted by earnings-related gains in Wal-Mart and Cisco, while a tax bill expected to boost corporate earnings passed its first, if smallest, hurdle. Cisco (CSCO.O) touched $36.67, its highest since February 2001, a day after quarterly profit beat expectations driven by gains from its newer businesses such as security, which more than offset declines in its traditional switches and routers. Cisco shares closed up 5.2 percent at $35.88.
Stocks finish sharply higher on Thursday as positive earnings from Walmart and Cisco give their shares a boost.
Activist investor Nelson Peltz shocked Procter & Gamble Co (NYSE: PG ) investors after his Trian Partners won a vote recount for a board seat on Wednesday by 43,000 votes . P&G acknowledged the victory ...
An independent review says Peltz is ahead by 0.0016% of the vote. But P&G is awaiting final results so look for challenges and more squabbles.
With all three major U.S. averages rebounding from back-to-back days of losses, here's a look at the top market moving stories on Thursday.
Peltz, who as CEO of Trian Fund Management oversees P&G stock worth $3.5 billion, had refused to concede the election, claiming the vote was too close to call. The margin of victory by the New York hedge fund apparently was tiny.
After months of campaigning that resembled a heated political race, the proxy battle between Procter & Gamble and activist investor Nelson Peltz is set to drag on due to a stunning reversal of voting results. ...
Hedge fund billionaire Nelson Peltz seems to have won a seat, albeit narrowly, after a recounted tally of votes was released on Nov 15.
The following stocks and technicals were mentioned on Wednesday's edition of PreMarket Prep , a daily trading ideas show hosted by former floor trader Joel Elconin and prop trader Dennis Dick. You can ...
Procter & Gamble's (PG) stock rose more than 1% Thursday morning after Trian Fund Management's Nelson Peltz triumphed in a proxy vote recount. Following the market's close on Wednesday, IVS Associates data showed that Peltz won by 0.0016%. P&G released a statement that the results were "still preliminary." Regardless, it's clear Peltz' involvement is good for P&G's stock. Jefferies analyst Kevin Grundy declared Peltz's victory a "win-win" for shareholders in a note published this morning.
With news that Trian's Nelson Peltz has won more votes in his quest to secure a seat on Procter & Gamble's PG board, regardless of the final outcome, shareholders should benefit.