Tuesday, February 14, 2017 11:58 PM
Trian takes $3.5 billion stake in Procter & Gamble
Trian's stake is the activist investor's largest ever position in a company and comes at a time when P&G's efforts to slim down has struggled to boost its stock much beyond where it traded two years ago. Moving to focus more on core products, including Tide detergent and Gillette razors, the company sold 41 of its brands last year, including Clairol and COVERGIRL, to Coty Inc for $12.5 billion. "(Trian)could argue that the brand sales ...