Gatemore Capital Management has published a second open letter to John O’Higgins, chairman of the board at UK-based speciality chemicals company Elementis. This follows its first such letter on 29 April and the company’s official response.

Speciality chemicals company Elementis has come under pressure after an investor, Franklin Mutual Advisers, published an open letter to board chairman John O’Higgins, calling for it to put itself up for sale before its Q3 results on 31 October. Elementis has responded by saying it did not think this to be in shareholders’ best interests.