DuPont makes its case against further break-up

摘要

DuPont fired back at activist investor Trian Management in a 28 October letter to shareholders, citing the benefits of maintaining DuPont’s diverse product portfolio and dismissing Trian’s announced proposal to split the company’s higher-growth nutrition, agriculture, and industrial biotech operations from its long-held materials segments. “[W]e know that our businesses strongly benefit from being a part of DuPont,” DuPont chair and CEO Ellen Kullman says in the letter. “In addition to the benefits of our innovation platforms, market access across large customer relationships, opportunities for market penetration globally, and our favorable position with which to optimize the biobased opportunity—our company is advantaged by our global scale and infrastructure leverage, our established brand and solid financial foundation.”