Actionable news
0
All posts from Actionable news
Actionable news in PG: PROCTER & GAMBLE COMPANY,

This Chart Shows Procter & Gamble's Stock Is a Buy on the New Nelson Peltz Attack

The gloves are off.

Billionaire Nelson Peltz's Trian Fund Management is undertaking a proxy fight with consumer products giant Procter & Gamble Co. (PG) , as the activist investor tries to shake up the blue-chip giant and wring more value out of shares.

According to a proxy filing Monday morning with the SEC, Trian will look to put Peltz in a seat on P&G's board, a move aimed at changing the firm's "slow-moving and insular" positioning. Trian owns 37.6 million shares of Procter & Gamble, which adds up to around 1.5% of outstanding shares.

Peltz's previous attempt to get on P&G's board was rejected by the company earlier this month. Now, he's hoping that a shareholder vote will change the situation.

But while Procter and Trian go back and forth this...


More