Dun & Bradstreet’s largest shareholder, Harris Associates L.P., Chicago, has challenged D&B to take steps to maximize shareholder value, possibly by putting the company up for sale, either in parts or as a whole entity. In a letter to D&B chairman/CEO Volney Taylor dated Aug. 30, Harris requested that D&B “engage an investment bank to solicit offers for the corporation to maximize the value of [Dun & Bradstreet] for its shareholders.” Harris holds a 12.5% stake in D&B through its Oakmark, Oakmark Select and other funds. A spokesperson for D&B acknowledged that it had received the letter, but declined to comment further.
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