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Markets :: Specialty Chemicals :: Flavors and fragrances
Sensient, FrontFour trade volleys in advance of shareholder meeting
2:00 PM MDT | April 16, 2014 | Vincent Valk
Dissident hedge fund FrontFour Capital (Greenwich, CT) today released a new letter to Sensient shareholders accusing the company of governance shortfalls and of a failure to disclose aspects of the proxy fight to shareholders. The letter notes that Sensient CEO Paul Manning has offered to nominate a compromise director, in conjunction with FrontFour, after next week’s annual meeting. FrontFour also says Sensient offered to implement further cost-cutting programs in exchange for the withdrawal of FrontFour’s board nominees. Sensient “neglects to...
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