Category Archives: Corporate law
Proctor & Gamble Concedes Proxy Fight, Names Nelson Peltz To Board
Two months after narrowly losing a proxy vote that would have granted him a seat on Proctor & Gamble’s board, Trian’s Nelson Peltz has somehow managed to win a crucial battle in the largest and most expensive corporate proxy battle in modern history. To wit, the consumer-products giant announced Friday that it would add Peltz […]
P&G Stock Slumps As Peltz Loses Proxy Fight; Trian Demands Recount
Procter & Gamble stock price is sliding, down over 2%, following news that Trian’s Nelson Peltz has lost his fight to be elected to the board. The largest and most expensive corporate proxy battle came to an end Tuesday with Procter & Gamble successfully fending off a campaign by the financier Nelson Peltz for a […]