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Markets :: Specialty Chemicals :: Flavors and fragrances
Shareholder advisory firm weighs in against Sensient dissidents
10:59 AM MDT | April 11, 2014 | Vincent Valk
Shareholder advisory firm ISS (New York) issued a report yesterday recommending a vote against a hedge fund’s dissident director slate at Sensient Technologies. FrontFour Capital (New York) nominated four directors to Sensient’s board in February and has repeatedly criticized management for lackluster performance. Sensient’s management, in turn, has accused FrontFour of putting short-term gain ahead of the company’s longer-term interests. ISS says “the dissident critique of poor performance appears unfounded and does not appear to...
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