|Bid||92.40 x 300|
|Ask||92.41 x 800|
|Day's Range||91.88 - 93.13|
|52 Week Range||83.24 - 94.67|
|PE Ratio (TTM)||16.16|
|Forward Dividend & Yield||2.76 (3.04%)|
|1y Target Est||N/A|
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer weighs in on Monday's trending stocks.
TheStreet's founder and Action Alerts PLUS Portfolio Manager Jim Cramer said Procter & Gamble adding Trian's Nelson Peltz to its board adds to the allure of Procter.
Shares of Procter & Gamble (PG) rose more than 1% on Monday on news that the consumer juggernaut last week announced that it appointed Trian Fund Management's Nelson Peltz to its board of directors. It would appear that activist investor Peltz won the long-running proxy war, but he didn't. According to the filing submitted to the Securities & Exchange Commission on Friday, P&G shareholders elected all 11 of P&Gs directors to the board.
Among the companies with shares expected to trade actively in Monday’s session are CSX Corp., Procter & Gamble Co., General Motors Co., Twitter Inc., Synder's-Lance Inc. and Amplify Snack Brands Inc.
Co-founder of Trian Fund Management, Nelson Peltz has been appointed to Procter & Gamble's (PG) board, effective Mar 1, 2018.
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Immediately after its annual meeting in mid-October, P&G said it beat Peltz by a slim margin, but a preliminary tally by an independent election inspector, released a month later, showed otherwise. "Because the election results were so close, and because a large number of shareholders voted for Nelson Peltz to be a director, the board has engaged in numerous discussions with Mr. Peltz regarding a board seat," P&G said on Friday. The consumer goods conglomerate said it increased its board size by 2 to 13 - to accommodate Peltz and appoint a new director in Joseph Jimenez, CEO of drugmaker Novartis AG (NOV N.S).
Procter & Gamble said it would add activist investor Nelson Peltz to its board, ending weeks of intrigue after the biggest and most expensive proxy battle ever fought essentially finished with a tie.
Procter & Gamble is adding Nelson Peltz to its board of directors, ending a proxy battle with the activist investor who has been seeking to shake up the consumer products giant. The announcement came after ...
Procter & Gamble Co. revealed Friday after the stock market closed that it has appointed activist investor Nelson Peltz to its board of directors – even though he didn’t win election to a seat in the biggest proxy battle in the history of a public company. Peltz, the CEO of Trian Fund Management, will take a seat on the board of the Cincinnati-based maker of consumer goods such as Tide detergent (PG) on March 1. David Taylor, CEO of P&G and chairman of the board, said Peltz had agreed to not advocate for a breakup of the company.
With the news that Procter & Gamble will be adding activist Nelson Peltz to the board after his prolonged proxy fight with the company, the "Squawk on the Street" news team discusses what this means for the future of the company.