Nelson Peltz, of shareowners Trian Partners, is set to take a role on the board of Procter & Gamble after a recount found him to have been voted on with the narrowest of margins.
Image: Procter & Gamble
The battle for an activist investor to join the board of Procter & Gamble has taken a dramatic U-turn following a recount of votes.
Nelson Peltz, CEO of investment firm Trian Partners, had seemingly lost narrowly in his attempt at joining the hygiene products manufacturer a month ago. Procter & Gamble announced his failure in October following its 2017 annual general meeting.
However, a recount has found Peltz to have been elected by a 0.0016% margin, which amounts to 42,780 shares.
Procter & Gamble stated: “The results are still preliminary and are subject to a review and challenge period during which both parties will
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