Procter & Gamble Faces Showdown With Activist Investor Peltz

Shares in Procter & Gamble were little changed in premarket trading in New York on Monday.
In an email statement on Monday, Procter & Gamble said that it had held “an active and constructive dialogue” with Trian.
)Trian said on Monday that it was not seeking to break up Procter & Gamble, a well-worn tactic of activists.
What Procter & Gamble needed, Trian asserted on Monday, was fresh blood on its board.
Although Procter & Gamble has introduced several initiatives aimed at bolstering its stock price, Trian has argued that they do not go far enough.

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