Procter & Gamble Shareholders Have Their Say, Denying Peltz a Board Seat; Shares Fairly Valued
Concluding a nearly three-month proxy battle, Procter & Gamble shareholders have spoken--preliminary votes from its annual meeting favor the company’s slate of directors, putting to rest activist investor Nelson Peltz’s bid for a board seat. However, all indications suggest the margin of victory was quite slim, and as such, we anticipate Peltz (who has taken issue with the firm’s organizational structure, corporate governance, and recent financial performance) to contest the vote.We haven’...
Procter & Gamble provides consumer packaged goods. The company's products are sold primarily through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, beauty stores, other stores and pharmacies. The company has five reportable segments: Beauty, which includes hair care, and skin and personal care products; Grooming, which includes shave care products; Health Care, which includes oral care and personal health care products; Fabric and Home Care, which includes fabric care and home care products; and Baby, Feminine and Family Care, which includes baby care, feminine care and family care products.
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Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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