​P&G could be headed for big proxy battle, analyst says

Activist Nelson Peltz’s bid to be elected to a seat on the board of Procter & Gamble Co. may lead to a proxy fight that could influence the direction of the consumer goods company.

As CEO of Trian Fund Management, Peltz oversees $3.3 billion worth of stock in the Cincinnati-based maker of brands such as Tide detergent (NYSE: PG), but P&G recently rejected a request that Peltz be appointed to the board.

Now, “it looks as though both Trian and P&G are headed for one of the largest proxy battles…

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