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DuPont releases proxy materials in Trian fight

1:27 PM MDT | March 23, 2015 | Vincent Valk

DuPont today filed proxy materials with SEC recommending that shareholders vote for its 12 board nominees in its ongoing fight with activist hedge fund Trian Fund Management (New York). The vote will occur at DuPont’s annual meeting on 13 May...


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EPA approves several new refrigerants

US EPA has approved several new refrigerant substances in coordination with President Obama’s Climate Action Plan, the agency says. The new refrigerants have lower global warming potential (GWP) than hydrofluorocarbons (HFCs), which are currently in...

ACI 2015: TSCA reform tops regulatory agenda

Modernization of the Toxic Substances Control Act (TSCA), the chemicals management law in the United States, was a major topic at Wednesday’s ACI issues briefing, held during ACI’s annual conference in Orlando, FL. The heads of ACI’s various...

Koppers completes tax reorganization, delays plant construction

Koppers today announced it has completed a legal reorganization of its foreign subsidiaries, allowing it to repatriate cash at a lower effective tax rate. The company estimates cash tax savings of about $8.0 million/year from the reorganization, cutting its...

Report: Sika majority owner files lawsuit to push through sale to Saint-Gobain

The Burkard-Schenker family, the largest shareholder of Sika (Baar, Switzerland), has filed a lawsuit with the cantonal court of Zug, Switzerland, to force an extraordinary shareholders' meeting aimed at pushing through the 2.75-billion Swiss franc...

Mittelstand: Germany's constitutional court declares inheritance tax partly 'unconstitutional'

Germany’s constitutional court, BVG (Karlsruhe) has declared in a ruling that the exemption rules in the inheritance tax code are in part unconstitutional and has given lawmakers a new deadline, 30 June 2016, to find a remedy. The BVG has, for the third...

Court approves Bondex restructuring plan

US Bankruptcy Court in Delaware has approved the restructuring plan for RPM subsidiary Bondex, a maker of pigments, metal coatings, cleaning products and a variety of construction chemicals. Bondex’s holding company, Specialty Products Holding Corp...

Momentive Specialty Chemicals to change name back to Hexion

Momentive Specialty Chemicals (MSC) announced today that it is rebranding itself Hexion, the company’s old name, effective 15 January 2015. The company was renamed Momentive Specialty Chemicals when it was merged with Momentive Performance Materials...

AkzoNobel says US subsidiary was target of $66-million "external fraud"

AkzoNobel says one of its US subsidiaries in Chicago was the target of “external fraud [that] involves an amount of up to €53 million ($66 million),” the company says.  AkzoNobel says that "at this stage the company is not...

European Commission investigates DuPont and Honeywell refrigerant collaboration

The European Commission has issued a statement of objections to Honeywell and DuPont, citing its preliminary view that joint cooperation entered into 2010 concerning the production of refrigerant R-1234yf, also known as HFO-1234yf, used in automotive air-conditioning systems may have breached European Union (EU) antitrust rules....

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