Bloomberg Law
Oct. 5, 2017, 1:54 PM

When the Wachtell Memo Strikes

Casey Sullivan

Wachtell Lipton isn’t involved in the latest showdown between billionaire investor Nelson Peltz, and Procter & Gamble, where he is seeking a board seat.

But that didn’t stop industry icon Marty Lipton from issuing a memo of lessons board rooms can take away from the saga.

Just last Friday, Peltz received a key endorsement from an influential shareholder advisory firm, Institutional Shareholder Services Inc. The vote of confidence, Bloomberg News reported , could give Peltz a crucial edge in persuading P&G’s biggest investors to vote him onto the board during its annual meeting on Oct. 10.

By Monday, Lipton and ...

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