DuPont issued the following statement in response to Trian Fund Management, L.P:
Our board of directors and management team have taken firm
action over several years that has delivered 220 percent total
shareholder return since year-end 2008, compared to 144 percent
for the S&P 500 during the same period, by aggressively
deploying our leading science across the company, strengthening
and fine-tuning our portfolio, and through disciplined capital
allocation.
The board and management team remain committed to executing on
our strategic plan to drive growth and profitability. The
recently announced first phase of our redesign initiative to
drive down costs by $1 billion and embed greater efficiencies,
together with the separation of Performance Chemicals and our $5
billion share repurchase program, reflect our board and
management's commitment to enhance value for all DuPont
shareholders.
DuPont welcomes open communications with shareholders and values
input toward our common goal of enhancing shareholder value. We
speak and meet with shareholders frequently, and while it is our
policy not to comment on discussions with specific shareholders,
we have had a constructive dialogue with Trian.
DuPont DD has been bringing world-class science and
engineering to the global marketplace in the form of innovative
products, materials, and services since 1802. The company
believes that by collaborating with customers, governments,
NGOs, and thought leaders we can help find solutions to such
global challenges as providing enough healthy food for people
everywhere, decreasing dependence on fossil fuels, and
protecting life and the environment. For additional information
about DuPont and its commitment to inclusive innovation, please
visit www.dupont.com.
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