E I Du Pont De Nemours And Co (DD): Trian Fund Nominates Four Director Candidates After Raising Stake

Therefore, the investor considers that E I Du Pont De Nemours And Co (NYSE:DD)’s board needs more oversight and new perspectives, which is why Trian has nominated four directors that include Nelson Peltz, John H. Myers, Arthur B. Winkleblack, and Robert J. Zatta.

Mr. Peltz also serves on the board of directors of Mondelez International, Wendys Co (NASDAQ:WEN), and The Madison Square Garden Co (NASDAQ:MSG). Moreover, up until December 2014, Mr. Peltz was also on the board of directors of Legg Mason Inc (NYSE:LM), but he has resigned, while Trian still kept its 11.29% stake in the company (which makes the fund one of the largest shareholders).

In addition to Trian Fund Management, some other funds among those that we track hold long positions in E I Du Pont De Nemours And Co (NYSE:DD), although in the previous round of 13F filings, we have seen a decrease in interest in the company from investors, the number of funds decreasing by 9 to 33, while the aggregate value of the stakes held by these funds fell by $77.64 million to $908.97 million. However, other funds hold less significant positions in the company. For example, John A. Levin’s Levin Capital Strategies held 1.04 million shares as of the end of September, while Larry Robbins’ Glenview Capital initiated a position with 787,200 shares.

Disclosure: none