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Billionaire investor Nelson Peltz doesn't like the way Procter & Gamble Co. (NYSE: PG) is doing business. Now he wants a seat on the board.
Peltz's Trian Partners owns a $3.3 billion stake in the consumer goods behemoth. On Monday, the firm announced it would campaign to elect Peltz to P&G's board of directors after the activist investor's initial request was denied.
With a market cap of over $225 billion, the 180-year-old company now becomes the largest ever to face a proxy fight. Does that mean no company is safe?
Money Morning Technical Trading Specialist D.R. Barton, Jr., joins Gerri Willis on FOX Business Network to answer that question and tell investors what to do with P&G stock.
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