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P&G expresses 'complete support' for current strategy after activist investor wages proxy battle

Procter & Gamble Co. PG, +0.52% said Monday in a statement that its board of directors was "confident" that the changes being made at the struggling consumer products giant were having results, and expressed "complete support" for the current strategy and management team. The statement was in response to activist investor Trian Fund Management L.P.'s call to elect its CEO Nelson Peltz on P&G's board to help...