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DuPont strikes back at Peltz as proxy war heats up
2015-02-17 20:15:46| Chemicals - Topix.net
Trian, which owns a 2.68 percent stake in DuPont, has urged shareholders to vote Peltz and three other nominees to the company's board, calling the proxy vote a "referendum on DuPont's financial performance." Up to Friday's close, DuPont's shares had risen 18 percent in the last 12 months, compared with a 7 percent increase for Dow Chemical Co ( Dow Chemical averted a proxy fight with Dan Loeb's hedge fund, Third Point LLC, last November by agreeing to add four independent directors to its board.
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Category:Chemicals