Rebels Awaiting Result of Heinz Vote

Summary


Rebel shareholders will not know for several weeks whether they have won their fight for seats on the board of embattled foods group H J Heinz.

Under-fire chief executive William Johnson said at yesterday's annual meeting in Pittsburgh the sheer number of proxy votes - an estimated 60 million - made it impossible to declare an early result.

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Rebels Awaiting Result of Heinz Vote

Activist shareholder Nelson Peltz's Trian Group, which controls about 5.5 per cent of shares, has waged a proxy battle for five seats o...

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