Investing.com – Shares in Procter & Gamble Company (NYSE:PG) edged forward in pre-market trading on Tuesday as shareholders vote on whether or not to elect activist Nelson Peltz to the board over company objections.
Shares of the company were up 0.41% as of 8:53 AM ET (13:54 GMT).
Hundreds of shareholders are expected to descend on the Tide maker's Cincinnati headquarters on Tuesday for the closely watched vote.
The battle began in February, when Peltz’s asset management firm Trian Partner’s gained a $3.5 billion stake in the firm and elected Peltz to the board in July.
Peltz is an activist investor known for forcing companies to revamp their business models and is the
P&G objects to his election to the board, while Trian says the firm lacks innovation and should consolidate its operating units.