Procter & Gamble says Trian 'has not provided any new or actionable ideas'
Procter & Gamble has maintained an active and constructive dialogue with Trian since it made its investment in the company. P&G's board and management team are keenly focused on executing the company's strategy to drive innovation, accelerate organic sales and volume growth, improve productivity and cost structure, and strengthen P&G's organization and culture. While the board is always willing to consider new ideas that may help drive profitable growth and enhance shareholder value, the board notes that Trian has not provided any new or actionable ideas to drive additional value for P&G shareholders beyond the continued successful execution of the strategic plan that is in place. The board is confident that the changes being made are producing results, and expresses complete support for the company's strategy, plans, and management.