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Carl Icahn to Seek Control of Occidental’s Board
(Bloomberg) -- Carl Icahn plans to nominate a slate of 10 directors in an
attempt to seize control of the board of U.S. oil and gas producer
Occidental Petroleum Corp., according to people familiar with the matter.
The billionaire investor, who owns a stake in the company valued at about $1
billion, plans to make his move before the Nov. 29 deadline for nominations
, said the people, who asked not to be identified because the matter is
private.
A representative for Icahn declined to comment, while a representative for
Occidental wasn’t immediately available for comment.
Icahn has been a vocal critic of the company -- and Chief Executive Officer
Vicki Hollub in particular -- over its $37 billion takeover of Anadarko
Petroleum Corp. completed in August. He has attacked the lack of a
shareholder vote and the pricey $10 billion financing the company obtained
from Warren Buffett to get the deal done.
(Bloomberg) -- Carl Icahn plans to nominate a slate of 10 directors in an
attempt to seize control of the board of U.S. oil and gas producer
Occidental Petroleum Corp., according to people familiar with the matter.
The billionaire investor, who owns a stake in the company valued at about $1
billion, plans to make his move before the Nov. 29 deadline for nominations
, said the people, who asked not to be identified because the matter is
private.
A representative for Icahn declined to comment, while a representative for
Occidental wasn’t immediately available for comment.
Icahn has been a vocal critic of the company -- and Chief Executive Officer
Vicki Hollub in particular -- over its $37 billion takeover of Anadarko
Petroleum Corp. completed in August. He has attacked the lack of a
shareholder vote and the pricey $10 billion financing the company obtained
from Warren Buffett to get the deal done.