DuPont urges holders to reject Trian’s four board nominees

April 6, 2015 3:32 PM

62 0

DuPont urges holders to reject Trian’s four board nominees

DuPont Co. said Monday that it opposes efforts by Trian Fund Management LP to replace four directors, calling the activist investment firm “value destructive.”

Among the nominees opposed by DuPont DD, +0.81% is John Myers, the former chief executive of GE Asset Management, part of General Electric Co GE, +1.50% . In March, DuPont had offered to add Myers to the board as part of a “constructive resolution.”

Also read: REFILE-UPDATE 1-Baker Hughes to form fracturing JV with Goldman Sachs, CSL Capital

Read more

To category page

Loading...