UPDATE 1-DuPont's weak sales, forecast gives Peltz more ammo in proxy war

April 21, 2015 9:42 PM

50 0

April 21 (Reuters) - DuPont's weak quarterly sales and lowered annual profit forecast provided fresh ammunition to Nelson Peltz in his campaign to win board seats and split up the chemical maker.

Peltz's hedge fund Trian Fund Management, DuPont's fifth-largest shareholder with a 2.7 percent stake, has for months criticized DuPont's underperformance.

Also read: EFG International says to cut up to 450 jobs in BSI integration

Read more

To category page

Loading...