The long-running battle at Heinz, which reached its climax at yesterday’s AGM, has been acrimonious and disruptive but, writes David Robertson, Nelson Peltz’s attempt to place himself and nominees on the Heinz board has been...
A representative of Heinz told just-food today that early indications suggest that the Trian Group, led by activist investor Nelson Peltz, has failed in its attempt to get five nominees elected to the ketchup marker’s board. However, it seems that there is every possibility that at least one of Trian’s nominees was elected by shareholders at the company’s AGM yesterday (16 August).
HJ Heinz has updated its first quarter outlook after what the company has described as “a very strong start to the fiscal year.” Heinz said it expects first quarter sales to increase by more than 7% on the back of a 5% increase in volume, thanks to new products and marketing.
Glass, Lewis & Co., the institutional investment advisory company, has backed the appointment of dissident investor Nelson Peltz and one of his other nominees to the board of US food group HJ Heinz Company.
The ongoing battle between the board of US food group HJ Heinz Company and Trian, the shareholder group bidding to place five nominees on the Heinz board, continued yesterday (3 August), as both parties claimed support for their respective positions in the build-up to the company’s AGM this month.
Heinz has accused the Train Group of “misleading” shareholders, providing a detailed list of ten statements that the company describes as inaccurate to support its claim. Trian, a group of…
Speaking to an audience of 1,200 Pittsburgh-area employees, Heinz CEO, chairman and president William R. Johnson has issued an update on the proxy contest between Trian and the ketchup maker’s…
The war of words that has been raging between Heinz management and activist investors the Trian Group, led by Nelson Peltz, moved one step further yesterday (12 July) when Trian…
In the build-up to the group’s AGM in August, the boardroom battle at US food company HJ Heinz is hotting up. Yesterday (10 July) the company filed its definitive proxy…
US food group HJ Heinz Company has published its Annual Report to Shareholders, entitled "Growth Through Innovation", which highlights the operations of the company’s Global Innovation and Quality Center outside Pittsburgh…
The war of words between HJ Heinz and the Trian Group, led by activist investor Nelson Peltz, heated up yesterday (28 June) when the ketchup manufacturer questioned Trian’s turnaround plan…
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