Business Services Industry
Sensient Responds to Prudential Analyst's Incorrect Commentary
Business Wire, April 23, 2007
MILWAUKEE -- Prudential Equity Group analyst John McMillin, in his most recent research report on Sensient Technologies Corporation, incorrectly stated that Sensient's common stock reached a price of $30 per share in April 1997. In fact, when properly adjusted for splits, the Company's stock price during April 1997 never exceeded $17.69. Furthermore, at no time prior to April 20, 2007 has the price of Sensient's stock, when properly adjusted for splits, ever exceeded $27.75 until this past Friday, when the stock reached an intra-day high of $30.34.
Sensient believes Mr. McMillin made the incorrect statement about Sensient's stock price in an attempt to minimize the Company's recent success.
Sensient Technologies Corporation is a leading global manufacturer and marketer of colors, flavors and fragrances. Sensient employs advanced technologies at facilities around the world to develop specialty food and beverage systems, cosmetic and pharmaceutical systems, inkjet and specialty inks and colors, and other specialty chemicals. The company's customers include major international manufacturers representing some of the world's best-known brands. Sensient is headquartered in Milwaukee, Wisconsin.
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