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Activist Investor Tries to Shake Up P&G

Nelson Peltz calls for three business units.

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By: TOM BRANNA

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In a highly-anticipated 93-page white paper, investor Nelson Peltz outlined his plan to revitalize Procter & Gamble, the world's largest player in the global household and personal care market with sales of more than $65 billion. Peltz's Trian Partners activist hedge fund holds $3.5 billion in P&G stock. Back in July, Peltz launched a proxy fight to grab a seat on P&G's board. For its part, P&G is determined to fight Peltz. Yesterday, former P&G CEO John P...

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