Chemical Week Magazine :: Newsbriefs
Hedge fund plans to nominate four Sensient directors
8:19 AM MST | February 21, 2014
Hedge fund FrontFour Capital (New York) said on 19 February that it will nominate four directors for Sensient Technologies’ board, raising the possibility of a proxy battle. FrontFour has also sent a letter to Sensient investors noting “serious concerns about the company’s continued operational shortfalls in the flavors and fragrances (F&F) division, suboptimal capital structure resulting in poor returns on equity, and invested capital and significant corporate governance shortfalls.” FrontFour had not filed a proxy statement with SEC...
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