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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 Thursday’s annual meeting and to implement further cost cuts in exchange for the withdrawal of FrontFour’s director nominees. Sensient, meanwhile, maintains that FrontFour’s nominees will “derail or seriously jeopardize” the company’s...

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