After a Recount of Procter & Gamble's Contentious Proxy Vote, Activist Investor Nelson Peltz May Get His Way

P&G might not win the biggest proxy battle in history after all

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Activist investor Nelson Peltz, founding partner of hedge fund Trian Partners, may actually be victorious in his proxy battle with Procter & Gamble after all. Following an audit of the proxy votes by IVS Associates, the company has found that Peltz may have won the vote by a 0.0016 percent margin of shares (or roughly 42,780 shares).

“The results are still preliminary and are subject to a review and challenge period during which both parties will have the opportunity to review the results for any discrepancies,” said a representative for P&G in a statement.

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