92.70 +0.81 (0.88%)
After hours: 7:44PM EST
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||91.48 - 92.27|
|52 Week Range||83.24 - 94.67|
|PE Ratio (TTM)||16.09|
|Earnings Date||Jan 23, 2018|
|Forward Dividend & Yield||2.76 (3.04%)|
|1y Target Est||92.57|
Procter & Gamble Co. 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....
With one seat, the insurgent investor isn't likely to succeed at his goal of restructuring the company into three business units. But he will have an impact on M&A and R&D if granted key subcommittee assigments....
CINCINNATI (AP) — 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.
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.
Procter & Gamble (PG) shares jumped more than 1% to $92.87 following the market's close on Friday after the consumer products giant appointed Trian Fund Management's Nelson Peltz to its board of directors. It's clear the company and Peltz have two very different ideas of how to revive P&G. The coming disagreements could make the recent proxy fight seem petty in comparison.
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).
The iconic U.S. packaged goods company agreed to install the activist fund manager behind Trian Fund Management even though the company's inspector of elections final tally had him down as a loss.
Procter & Gamble Co. shares ticked higher in the extended session Friday after the consumer goods company certified that activist investor Nelson Peltz secured a seat on its board. P&G shares rose 0.8% ...
Procter & Gamble Co. named Nelson Peltz to its board, capping a contentious and costly proxy battle in which the billionaire activist investor may have narrowly won a shareholder vote for a seat -- or ...
Procter & Gamble Co said it appointed activist investor Nelson Peltz to its board following a certified recount of shareholder votes cast at its annual meeting in October. Peltz's appointment is effective ...
The company said it has had constructive conversations with Peltz about a board seat as well as "strategic choices to transform P&G."