emfizz.com
emfizz.com November 21, 2017


Trian Fund Management seeks to seat Nelson Peltz on P&G board

17 July 2017, 09:40 | Jan Cross

Getty Images Trader on the floor of the New York Stock Exchange

Trader on the floor of the New York Stock Exchange

Trian Fund Management LP doesn't wage proxy fights often, but when it does, it goes big. Trian said it was disappointed by the rejection and advised those in attendance it would push ahead with a proxy fight.

"Trian believes that Mr. Peltz's significant expertise and long track record of working successfully with management teams and boards to turn around consumer companies and drive sustainable long-term shareholder value will be invaluable to P&G as it works to overcome its challenges", Trian added. Worth $222 billion, P&G is the largest company to ever face such a campaign. However, Trian did not call for a breakup of the company.

Joe Biden to make stop in Nashville as part of book tour
Joe Biden's new book, Promise Me, Dad , now has a November 14 release date, as announced by Flatiron Books . Never far away was the insistent question of whether he should seek the presidency in 2016.


Sunny, less humid weekend expected for the midstate
A few thunderstorms could become briefly strong with the primary threats lightning and gusty winds. Clouds will increase throughout the day, and showers and thunderstorms are likely after 5 p.m.


Hornbeck Offshore Services (NYSE:HOS) Closed Significantly Above Its 50 Day Average
Manufacturers Life Insurance The holds 23,438 shares. 61,250 shares were bought by HORNBECK TODD M , worth $199,675. Kennedy Capital Management Inc sold 204,868 shares as Hornbeck Offshore Services Inc (HOS)'s stock declined 45.49%.


Trian Fund Management, which owns roughly $3.3bn shares in the $225bn behemoth maker of Crest toothpaste and Gillette razors, has put Nelson Peltz up for election as a director at the upcoming annual shareholder meeting.

"While P&G leadership says they are addressing the underperformance issue, shareholders have heard similar promises in the past and results have not improved", Trian said in the filing. Trian also claimed the company's market share had deteriorated as organic sales growth had decelerated and that it needed to take further action beyond selling off unprofitable brands. For the last two years, executives urged investors to be patient. The Trian Group believes that disruptive and existential threats are impacting the entire consumer packaged goods industry, including changes in technology and consumer behavior, and the Company must act with the greatest possible urgency to address the market share it is losing to both its peers and smaller local competitors, who are adapting to industry changes more effectively than P&G. Last week, P&G officially declined to give Peltz a seat on the board.



Other News

Trending Now

USA boosts seasonal worker visas halfway through summer season
To receive the visas, businesses must attest they would suffer irreparable harm if they can not bring in those workers. The United States government has sanctioned a crackdown on visitors with visa overstays .

Johnny Manziel says he's talked to teams about an National Football League comeback
He has a 57 percent career completion rate for a total of 1,675 yards, seven touchdowns and seven interceptions. The former Texas A&M Heisman Trophy victor was a first round pick of the Browns in 2014.

Driver Charged In Deadly Grand Central Parkway Crash
Another passenger, 33-year-old Layon Campbell, also from Brooklyn, would later die at a hospital, police said. The crash happened at about 6:30 on the eastbound Grand Central Parkway near 188th Street in Jamaica Estates.

Police Investigating Break-In, 'Threatening Note' at Nevada GOP Senator's Office
Heller is known for opposing the first version of the Senate's healthcare bill drafted by Republicans. We have reached out to the Las Vegas Metro Police Department and Senator Dean Heller's office.

Dominion Diamond Corporation (NYSE:DDC) Earning Favorable News Coverage, Report Finds
The total number of shares percentage held by insiders is about 19.88% while the number of Shares % held by institutions is 56.6%. Wall Street is only getting more bullish on the stock, with 4 of analysts who cover DDC having a buy-equivalent rating.

Global Digital Content Market 2017 - Industry Analysis, Size and Share to 2021
The global market also delivers a full abstract of the economic ups and downs in terms of demand rate and fulfillment ratios. On the basis of application , the global Curved Display Devices market is segmented into TVs, Notebooks, Monitors, Other.

RuneScape and Old School RuneScape are Coming to Mobile
The current main version of RuneScape is sometimes known as RuneScape 3 (it's the third major revision). This game runs as a regular desktop program, but older versions were browser-based.

Number of overseas landlords in United Kingdom falling
Last April, investors were slapped with a 3 percent stamp duty (tax levy) surcharge on the purchase of second properties. One in 20, or 5%, of homes let in Britain is owned by overseas landlords, according to data from the letting agent.

Stock'S Earning Overview Ocular Therapeutix, Inc. (OCUL)
If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & global copyright law. Janney Montgomery Scott LLC bought a new stake in shares of Ocular Therapeutix during the first quarter worth about $110,000.

Herrera: Morata was very close to joining Manchester United
United insiders believe a bid from Real is imminent as the two clubs prepare to meet on their US tour in Santa Clara on July 23. He started his career at Atletico Madrid and a return back to the city could prove too difficult to turn down.