November 15, 2017 / 10:00 PM / a month ago

CORRECTED-Trian's Peltz says it wins proxy fight against P&G

(Corrects to show Trian said Peltz had won shareholder vote, not that had been appointed to the board)

Nov 15 (Reuters) - Activist hedge fund Trian’s Nelson Peltz said on Wednesday he won a proxy fight with Procter & Gamble Co for a seat on the company’s board.

Peltz won by 43,000 votes in a recount, a source told Reuters.

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)

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