Video: P&G Shareholders Will Likely Benefit From Peltz Battle
With news that Trian's Nelson Peltz has won more votes in his quest to secure a seat on Procter & Gamble's PG board, regardless of the final outcome, shareholders should benefit.
With news that Trian's Nelson Peltz has won more votes in his quest to secure a seat on Procter & Gamble's (PG) board, regardless of the final outcome, shareholders should benefit.
That's the assessment from Matthew Cheslock, an equity trader with Virtu Financial.
Procter & Gamble shares are up 6% since the start of the year, compared to the S&P 500's 15% rise.
Citi overcame a mixed print to send its stock surging on Monday.
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