(AP) Responding to a significant share purchase by activist investor Nelson Peltz, the DuPont Co. says it welcomes constructive input from stockholders.
The Wilmington-based chemicals giant released a statement following a regulatory filing Wednesday showing that Peltz's Trian Fund Management held almost 5.8 million shares of DuPont valued at more than $300 million as of June 30. That represented an ownership stake in DuPont of about six-tenths of one percent.
A previous filing showed that Trian had held no stake in E.I. du Pont de Nemours and Co. as of March.
DuPont said in a statement Wednesday that it would evaluate any ideas Trian has for the company's ongoing efforts to build a higher value, higher growth company for shareholders.
DuPont shares fell 34 cents Wednesday to close at $59.37.