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Dupont names 2 new directors as it faces proxy fight
2015-02-05 21:44:18| Chemicals - Topix.net
The DuPont Co. has named two new independent directors with experience in corporate turnarounds as it faces a proxy fight and break-up calls from activist investor Nelson Peltz.
Tags: names
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DuPont meets with Trian's board nominees: sources
2015-02-04 03:58:25| Industrial Machines - Topix.net
DuPont has interviewed activist investment firm Trian Fund Management LP's slate of directors, including its founder Nelson Peltz, according to people familiar with the matter, a step that could lead to a compromise with the chemical company over the composition of its board. DuPont hosted the interviews at its Wilmington, Delaware, headquarters last week, the people said, asking not to be identified because the meetings were confidential.
Tags: board
sources
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ValueAct's Ubben Thinks Trian Has Tough Fight With DuPont
2015-01-31 00:43:12| Chemicals - Topix.net
ValueAct Capital Management LP's CEO Jeffrey Ubben, speaking at a conference closed to the media and off the record, Mr. Ubben said that large companies can be vulnerable to activists, but it's tough for activists to win a proxy fight against a giant company unless shareholder discontent is particularly high, according to people familiar with his remarks. DuPont shareholders' views might not rise to that level of discontent, given all the steps CEO Ellen Kullman has taken to transform the company, said Mr. Ubben.
Tags: fight
tough
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DuPont to Cut Bonuses, Delay Raises
2015-01-30 01:45:20| Chemicals - Topix.net
DuPont Co. plans to cut bonus payments and delay raises for this year, said a person familiar with the matter, as the chemical company grapples with slower-than-expected growth and an activist investor's push to split the company.
Tags: cut
delay
raises
bonuses
DuPont partners for Chinese fluoroelastomers JV
2015-01-28 19:02:19| Canadian Plastics Headlines
U.S.-based chemical giant DuPont is partnering with a subsidiary of China National Chemical Corporation to serve Chinas rapidly expanding fluoroelastomer market. Fluoropolymer Solutions (DuPont) and Zhonghao Chenguang Chemical Research Institute Company Limited (Chenguang), a subsidiary of China National Chemical Corporation… The post DuPont partners for Chinese fluoroelastomers JV appeared first on Canadian Plastics.
Tags: partners
chinese
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dupont
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