​Activist investor seeks election to P&G board

Trian Fund Management, which is led by activist investor and Wendy’s Co. Chairman Nelson Peltz, today revealed it will seek a seat on the board of Procter & Gamble Co. in an effort to boost shareholder return.

Trian, whose funds own $3.3 billion worth of stock in the Cincinnati-based maker of brands such as Pampers diapers (NYSE: PG), said it had filed a preliminary proxy statement with the U.S. Securities and Exchange Commission to pave the way for the election of Peltz to P&G’s board at the…

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