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Market Beat: Hudson Global Inc (NASDAQ:HSON), The Procter & Gamble Company (NYSE:PG), Kennedy-Wilson Holdings (NYSE:KW)

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Hudson Global Inc (NASDAQ:HSON) News: Lone Star Value files preliminary proxy materials to elect two director candidates to the Hudson Board Of Directors at the 2014 annual meeting. It’s been reported that Lone Star Value Management along with, its affiliates and the other participants in its solicitation, a significant shareholder of Hudson Global, with approximately 7.4 percent of the outstanding common stock of the Company, announced that it had filed preliminary proxy materials with the Securities and Exchange Commission (SEC) in connection with the election of directors to the Board of Directors of Hudson at the 2014 annual meeting of shareholders. Lone Star Value stated in its preliminary proxy statement that the current Board has overseen prolonged operating and stock price underperformance and further appears to lack a strategically coherent plan or the commitment or ability to tackle the serious issues facing Hudson. Hudson Global Inc (NASDAQ:HSON) shares fell -0.68% to $3.62 in current session.

The Procter & Gamble Company (NYSE:PG) has entered into a Stipulated Preliminary Injunction in a federal lawsuit currently pending in the Southern District of New York. The lawsuit alleges, among other things, that Hello violated federal advertising laws by claiming that its anti-cavity toothpaste is “99% Natural” when it contains ingredients that are extensively and chemically processed. The P.I. requires that, beginning March 25, Hello Products must suspend making certain claims on its toothpaste packaging and advertising, including the claim that it is “99% Natural.” The Procter & Gamble Company (NYSE:PG) had originally asked Hello to discontinue making the “99% Natural” claim over eight months prior to filing the lawsuit.

Kennedy-Wilson Holdings Inc (NYSE:KW), is a subsidiary of KW, intends to offer $250 million in aggregate principal amount of senior notes due 2024. The Notes will be Kennedy Wilson’s senior unsecured obligations and will be guaranteed by Kennedy-Wilson Holdings, Inc. and certain subsidiaries of Kennedy Wilson. Kennedy Wilson intends to use the net proceeds from the offering to repay in full outstanding borrowings under its unsecured revolving credit facility and for general corporate purposes, including future acquisitions and co-investments.

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