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DuPont Retail Investors Prove Decisive in Defeat of Trian

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Peltz Rejection Outcome We’re Pleased With: Kullman

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DuPont Co.’s army of retail shareholders proved decisive in the defeat of veteran activist investor Nelson Peltz’s attempt to get on the board and split up the 212-year-old chemical company.

All DuPont’s director nominees were elected, it said Wednesday at its annual meeting in Wilmington, Delaware. Peltz’s Trian Fund Management, which had sought four board seats, said the vote was “close.” The final count hasn’t been disclosed. DuPont shares fell as much as 7.4 percent.