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PITTSBURGH (AP) - Food maker H.J. Heinz Co. said Friday that initial voting results show dissident investors Nelson Peltz and Michael F. Weinstein have been elected to its 12-member board of directors following a fierce proxy battle.
The dissidents from the Trian Group, an investor group led by Peltz, won the seats on the Pittsburgh-based company's board based on preliminary voting results provided by an independent agency, Heinz said in a statement.
Trian nominated five candidates to the Heinz board earlier this year as part of a campaign to pressure the company into improving its performance and produce higher shareholder returns.
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