P&G Board Challenger Nelson Peltz Wins Proxy Recount
Activist investor Nelson Peltz has won a spot on Procter & Gamble's board, according to a source. At least three media outlets are reporting Wednesday afternoon that Peltz has a 43,000 vote victory after a recount. P&G can still challenge the results.
CINCINNATI -- Activist investor Nelson Peltz has won his proxy fight with the Procter & Gamble Co. after a recount, CNBC reports. According to CNBC's sources, Peltz won by 43,000 votes. It's rare for a recount to change the outcome of a proxy fight.