P&G says hedge fund looking to break up CPG giant
September 8, 2017
Procter & Gamble’s battle with Nelson Peltz’s Trian Fund Management over the future of the company is ongoing. Management of the consumer products giant alleges that the ultimate goal of the activist investor is the breakup of the company. It describes Mr. Peltz’s suggestions as “cookie cutter” approaches that lack important details and would ultimately reduce the value of the company.
Recent News
Costco’s Hot Dog Remains at $1.50 Despite Prices Spiking Elsewhere
Over the last few years, inflation has caused prices to creep up and impact pretty much everything. However, Costco is still keeping the price of its hot dog-soda deal where it is.
Home Depot Acquires SRS for $18.25B, Boosting Pro Sales
Home Depot recently announced its acquisition of SRS Distribution for a whopping $18.25 billion. This hefty investment marks the company’s boldest stride yet to seize a larger share of the professional market, particularly targeting contractors and roofers.
GameStop Faces Sales Slump, Implements Job Cuts
GameStop has recently undergone job cuts due to a notable decline in sales, as announced amid its latest financial report.
Subaru Recalls 118K Vehicles Due to Air Bag Sensor Issue
Subaru is recalling 118,000 SUVs and sedans in the United States due to a faulty sensor that might hinder air bag deployment during a crash, as per the National Highway Traffic Safety Administration (NHTSA) announcement on Wednesday.