PROCTER & GAMBLE TARGETED BY PROXY FIGHT

U.S. consumer products giant Procter & Gamble on Monday became the target of potentially the largest-ever proxy fight. Nelson Peltz’s Trian Partners, owner of $3.3 billion P&G shares, announced preliminary plans to seek a board seat for the activist investor at the company that makes brands including Crest, Gillette, Pampers and Tide.