• Shareholder Activism Update: DuPont Announces Victory in Proxy Fight with Trian
  • May 21, 2015
  • Law Firm: Sullivan Cromwell LLP - New York Office
  • On May 13, 2015, E. I. du Pont de Nemours and Company, a major chemical company with a market cap of approximately $68 billion, defeated a proxy campaign run by Trian Fund Management, L.P., the activist fund led by Nelson Peltz that owns approximately 2.7% of DuPont. Trian was seeking four seats on DuPont’s board of directors. DuPont announced this morning that all 12 of its incumbent directors were reelected at DuPont’s annual meeting of shareholders.