Procter & Gamble Co. said Friday it would add activist investor Nelson Peltz to its board, ending weeks of intrigue after the biggest and most expensive proxy battle ever fought essentially finished with a tie. The consumer-products giant said an official vote tally showed its 11 directors were re-elected but Mr. Peltz won nearly 50% of the votes cast by shareholders. Following discussions with the billionaire, the company agreed to add him to the board starting March 1.

Source: Wall Street Journal December 15, 2017 22:38 UTC