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) - Get Report 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.
Watch More with TheStreet:
- Here's Everything You Need to Know About Bitcoin Exchange Traded Funds
- GE Is the Last of the Original 'Dirty Dozen' Dow Stocks: Here Are the Other 11
- Why Jim Cramer Won't Buy Amazon Here
- Who Might Buy CNN?
Don't miss the best videos of the week. Put Wall Street on Rewind and sign up for our weekly newsletter.
