P&G Stock Rises on Proxy Vote Recount
16 Novembre 2017 - 1:00AM
Dow Jones News
Procter & Gamble's stock is rising in extended trading as a
vote recount shows investor Nelson Peltz narrowly won a board seat,
weeks after P&G claimed to have shut out the investor.
Preliminary proxy vote results released Wednesday afternoon show
Mr. Peltz ahead of director Ernesto Zedillo, the former president
of Mexico, by about 42,780 shares, a margin of 0.0016% of the
shares outstanding. P&G said the vote tally is preliminary.
Shares, which closed down 0.7% Wednesday, rose 3% to $90.50 after
hours. (maria.armental@wsj.com)
(END) Dow Jones Newswires
November 15, 2017 18:45 ET (23:45 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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