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Procter & Gamble challenges Peltz win in expensive proxy contest

Published 11/22/2017, 09:11 AM
© Reuters.  Procter & Gamble challenges Peltz win in expensive proxy contest
PG
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  • Procter & Gamble (NYSE:PG), which refused to concede a win by Nelson Peltz in a proxy recount last week, is challenging the official vote count.
  • Peltz won a board seat after preliminary results tallied by IVS Associates showed a 43,000-vote win, following P&G's initial claim of victory in a fight that has cost $60M so far.
  • Now the consumer-products giant will now formally push that result, in a process where advisers for each side will review each contested vote for validity.
  • Premarket: PG -0.1%.
  • Previously: Peltz claims win, P&G says not yet (Nov. 16 2017)
  • Previously: Procter & Gamble jumps on report of Trian recount win (Nov. 15 2017)
  • Now read: Procter & Gamble Acquires Native For Health Conscious Approach


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