• This Is the Real Reason the Stock Market Needs Activist Investors

    9 days ago - By Fortune

    Rarely do proxy fights look as similar to a Rocky sequel than the one continuing to play out between Nelson Peltz and Procter & Gamble. Weeks after P&G declared the effort by Peltz to gain a board seat a failure, he jumped off the mat to land a knockout punch after an independent tally discovered that Peltz's hedge fund, Trian, had in fact won the fight .
    While P&G continues to review the results, it appears that Peltz, with an unofficial winning margin of .0016% of outstanding shares, will have a spot on the board. It's an unlikely victory in the most expensive activist battle to date, at...
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