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P&G faces uphill fight with Peltz after proxy firms back him
Add BT as a preferred sourcePublished Sun, Oct 1, 2017 · 09:50 PM
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New York
PROCTER& Gamble Co is facing longer odds in its standoff with Nelson Peltz, the billionaire investor who is vying for a board seat in one of the most contentious proxy fights in years.
Mr Peltz won the approval of prominent shareholder-advisory firm Institutional Shareholder Services Inc (ISS) lastFriday, following a similar endorsement from Glass Lewis & Co the previous week. The firms' support could give Mr Peltz a crucial edge in persuading P&G's biggest investors to vote him onto the board during its annual meeting on Oct 10.
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