October 16, 2017 CNBC story cites Okapi on P&G vs. Trian

P&G’s too-close-to-call battle with activist is expected to enter rare ‘snake pit’ stage

Leslie Picker | @LesliePicker

Published 6:31 AM ET Mon, 16 Oct 2017  Updated 8:40 AM ET Mon, 16 Oct 2017

  • Activist Nelson Peltz believes the shareholder vote P&G says he lost was a “dead heat” and is challenging the result.
  • The so-called snake-pit stage is when each contested proxy vote is investigated.
  • Complicating the count is that P&G has an unusually high number of retail shareholders who typically vote via paper card.

“You’re talking about the end stage of an election campaign, where the parties haven’t kissed and made up,” said Bruce Goldfarb, founder and chief executive of Okapi Partners, a proxy-solicitation firm. “There’s a little bit of venom to the process.”

Full Story HERE

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