Hedge fund says it will seek four seats on Sensient board

摘要

Hedge fund FrontFour Capital (New York) said 19 February that it would nominate four directors for Sensient Technologies’ board, raising the possibility of a proxy battle. FrontFour also sent a letter to Sensient investors noting “serious concerns about the company's continued operational shortfalls in the favors & fragrances (F&F) divi- sion, suboptimal capital structure resulting in poor returns on equity, and invested capital and signifcant corporate governance shortfalls.”