P&G Open To M&A Moves, Closed To Board Seat For Activist Investor

P&G posts 2% organic growth in its latest quarter and its adjusted EPS beat analyst expectations as it is again interested in M&A. A few days after releasing its results, company appeals to shareholders to vote against an activist investor's bid for a board seat.

Businessman comparing two documents, neutral background

Procter & Gamble Co. is pointing to its latest results to show its brand streamlining is working, but the firm is speaking directly to shareholders to appeal for votes against activist investor Nelson Peltz joining its board.

A week after reporting its fiscal 2017 fourth-quarter results and outlining plans for sustaining growth through focused advertising spending and returning to merger and acquisition activity, P&G in an Aug

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