Activist Investor Nelson Peltz Seeks Dupont To Break Up: WSJ

(RTTNews) - According to the Wall Street Journal, Activist investor Nelson Peltz's Trian Fund Management LP has introduced a campaign to force Chemical company EI DuPont De Nemours & Co. (DD) to break itself up, after the diversified chemicals giant rejecting its repeated private calls for change. The Journal added that Trian Fund Management intends to seek support from other investors for its push to dismantle the firm.

Trian, in its letter to DuPont's board, had proposed to create one public company made up of faster-growing units, including its agriculture and nutrition businesses, and another with operations generating strong cash flows, the report stated. Trian added that its plan would eliminate annual costs of $2 billion to $4 billion, also enabling DuPont's separated units to increase performance as they would be less bound by corporate red tape and better motivated and focused.

Already, DuPont is in the process of shedding a business called performance chemicals, which makes household paint and Teflon.