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DuPont to Peltz: We welcome constructive input

[August 15, 2013]  DOVER, Del. (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.

[Associated Press; By RANDALL CHASE]

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