Procter & Gamble in fight with activist investor Nelson Peltz’s Trian Fund
CLOVERDALE, CA, July 17, 2017-
Not for the first time, Procter & Gamble is involved in a spat with an activist investor who wants the consumer products giant to do something more, or less, or different, to improve what the critics describe as its lackluster earnings performance. Now it is Nelson Peltz’s Trian Fund Management that is locking horns with the huge Cincinnati-based company.
Trian wants Peltz elected to P&G’s board the next time the company holds an election for directors; today it filed a preliminary proxy statement with the US Securities and Exchange Commission nominating Peltz. The investment group’s funds control $3.3 billion in P&G stock.
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