The economic calendar in the U.S. on Monday includes the Empire State Manufacturing Survey for July at 8:30 a.m. ET.
The move by Peltz would make the consumer-products company, with a market value of $222 billion, the largest company ever to face a proxy fight, according to the Journal.
A victory for Peltz's Trian Fund Management LP is far from guaranteed given how much support the proxy fight must gain from other shareholders, the Journal said.
Trian owns about $3.3 billion of P&G stock. It will seek a single seat for Peltz in a shareholder vote at the company's annual meeting, likely in October. Trian is expected to disclose the campaign Monday, the people told the Journal.
Procter & Gamble shares fell 0.3% in premarket trading on Monday.
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