Du Pont and Seagram extended an agreement.

The firms announced an extension of an agreement concerning the degree of Seagram’s ownership of Du Pont stock and an increase in Seagram membership on Du Pont’s board of directors. The 1981 agreement was set to end in 1991, but the amended pact continues indefinitely. It may be terminated by either company on two years’ notice after April 2, 1997, making the earliest termination date April 2, 1999. The amended agreement continues to allow Seagram to increase its holdings to as much as 25%. In addition, Seagram can increase its membership on Du Pont’s board and the finance committee.