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People & Business :: Companies
Sensient letter blasts activist hedge fund
10:33 AM MST | February 21, 2014 | Vincent Valk
Sensient Technologies today released a letter to shareholders criticizing the motives of activist hedge fund FrontFour Capital (New York), which proposed a slate of directors to Sensient’s board on Wednesday. Sensient says it “would strongly oppose FrontFour’s four director candidates.” The letter goes on to say that “FrontFour is plainly seeking to exploit Sensient’s strong financial position and industry-leading businesses for short-term gains that are not in the long-term interests of Sensient’s shareholders and other...
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