CINCINNATI (dpa-AFX) - Procter & Gamble Co. (PG) sent a letter to its shareholders in connection with the Company's upcoming 2017 Annual Meeting of Shareholders, to be held on October 10, 2017. P&G strongly recommended that shareholders vote to support the P&G Board by voting the BLUE Proxy Card 'FOR' ALL P&G director nominees.
The letter stated P&G's belief that Peltz initiated the proxy contest to satisfy his own agenda and to meet the expectations of his limited partners. P&G will not benefit from change for the sake of change.
Trian Fund Management, a New York hedge fund, has nominated Nelson Peltz to stand for election to Board at upcoming Annual Meeting of Shareholders.
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