Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

See DuPont (DD)’s Full Presentation as It Blasts Trian’s Proposals, Saying Split Would Cost Company Billions

E. I. du Pont de Nemours and Company (NYSE:DD) has released a lengthy presentation in response to the proxy fight taking place between it and Nelson Peltz‘ activist fund Trian Partners, and some of the assertions made by that investor. Among other things, the fund is seeking the replacement of four members of the company’s board, and the breakup of the 212-year-old company into separate chemicals and agricultural businesses. Trian has claimed such a split could save the company anywhere from $2 to $4 billion annually. E. I. du Pont de Nemours and Company (NYSE:DD) paints quite a different picture in its presentation, claiming that not only would a split cost the company $4 billion initially, but that the company would lose $1 billion annually on top of that, due to increased administrative and legal fees. DuPont has urged shareholders to vote against Trian’s board nominees, declaring that none of them would add any value or skills relevant to shaping the company, and that they lack experience in the chemicals industry. 

In a response to the presentation, a Trian spokesperson told the Wall Street Journal that “DuPont is attempting to distract and mislead shareholders from the real issues at the company”.

Check out E. I. du Pont de Nemours and Company (NYSE:DD)’s full presentation below.

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...