Consumer Firms Up As Staples Companies In Focus - Consumer Roundup

Shares of retailers and other consumer-services companies rose amid deal maneuvers in the consumer staples area. Shares of Procter & Gamble rose after activist investor Nelson Peltz said his firm would seek a seat on the consumer-products giant's board. Trian Management Fund has argued that P&G failed to capitalize on a five-year savings plan that shrank the company by tens of thousands of employees, more than a dozen factories and hundreds of brands and is questioning the efficacy of a second such plan. Another consumer-products company, Church & Dwight, said it will buy Water Pik, the maker of dental-care products, for $1 billion in cash from private-equity firm MidOcean Partners.

-Rob Curran, rob.curran@dowjones.com

(END) Dow Jones Newswires

July 17, 2017 16:35 ET (20:35 GMT)