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Chemical Week Magazine :: Newsbriefs
Sensient, FrontFour trade volleys in advance of meeting
4:11 PM MDT | April 17, 2014
Dissident hedge fund FrontFour Capital (Greenwich, CT) on 16 April released a letter to Sensient shareholders accusing the company of governance shortfalls and a failure to disclose aspects of the proxy fight to shareholders. These include offers to name a new compromise director after Thursdayâ€™s annual meeting and to implement further cost cuts in exchange for the withdrawal of FrontFourâ€™s director nominees. Sensient, meanwhile, maintains that FrontFourâ€™s nominees will â€śderail or seriously jeopardizeâ€ť the companyâ€™s...
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