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P&G: no election challenge launched; process ongoing.

(CercleFinance.com) - Procter & Gamble has not launched a challenge to the preliminary proxy vote results which show that its shareholders have elected activist investor Nelson Peltz to the company's board, the US consumer goods giant said on Thursday.

Yesterday Trian Fund Management, the investment fund founded by Nelson Peltz, said P&G intended to challenge the voting results compiled by IVS Associates, the independent inspector of the elections that were held on 10 October.

"As part of the normal process, the IVS tabulation results are preliminary and are going through a customary review to ensure a final and accurate count," P&G said in a statement.

P&G plans to disclose the results after receiving IVS' final certified report, "which we are pushing to get as quickly as possible" the company said.

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