Home Options Trading Advantage Options – Shares of Procter and Gamble Sink on Peltz...

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Shares of Procter and Gamble (PG) sank today after activist investor Nelson Peltz of Trian Management failed to be elected to the company’s board of directors. Peltz had been pushing to win a board seat against substantial objections. After failing to obtain a seat on the board, PG’s ceo stated that he and Peltz will interact respectfully. Trian however will contest the vote results. PG stock finished down -0.54% to settle at 91.58, but traded as low as 89.86 after the vote results were announce. Keep an eye on PG for further developments.

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