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CPG giant issued formal statement.
July 18, 2017
By: Christine Esposito
Editor-in-Chief
The very public battle between Trian Fund Management and P&G continues to swirl. Yesterday the CPG giant put out a formal statement after Nelson Peltz, founder of Trian, announced his intent to get on the P&G board of directors. Trian, which owns $3.3 billion of P&G stock (about 1.5% of the company), has been pushing the maker of Tide and Olay to make major changes. The firm yesterday filed a preliminary proxy statement with the SEC for the election of Peltz at P&G...
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