(Reuters) – Activist hedge fund Trian’s Nelson Peltz has won a proxy fight with Procter & Gamble Co and has been appointed to the company’s board.
Peltz won by 43,000 votes in a recount, a source told Reuters on Tuesday.
The maker of Tide detergent last month said that Peltz had lost his bid to win a seat on the company’s board by 6.15 million votes, according to a preliminary tally.
Shares of the company were up 3.4 percent at $ 91.14 after market.
Reporting by Vibhuti Sharma in Bengaluru; Editing by Shounak Dasgupta