DuPont steps up proxy war ahead of director vote

By Kasia Patel
Published: Friday, 10 April 2015

In its latest letter to shareholders, DuPont has urged votes for its board nominees in May. The alternative would be to vote in Trian’s nominees, enabling the company to push for a breakup of DuPont, which has been estimated to cost $4bn.

DuPont has once again urged shareholders to vote for its directors over Trian Fund Management’s nominees, who it claims lack the skills to lead the company.

In its letter to shareholders sent late yesterday, DuPont said: "Trian is asking you to replace our highly qualified directors with their hand-picked...

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