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Trian launches public fight to add Peltz to P&G's board


By Michael Flaherty and Sruthi Ramakrishnan(Reuters) - Activist fund Trian Fund Management LP launched its public push for changes at Procter & Gamble Co on Monday, nominating its Chief Executive Officer Nelson Peltz to the board in a bid to press for more drastic steps to revive sales and profits.Trian's move marks the official start of the largest proxy fight ever, with the activist squaring off against a $223 billion consumer products giant, which sells everything from Tide detergent and Gillette razors to Pampers diapers. The battle comes as activist investors, emboldened by years of ...

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First Published: Mon, July 17 2017. 20:53 IST