Activist investor Carl Icahn, who has launched a proxy fight to win seats on Occ...
HOUSTON - Activist investor Carl Icahn, who has launched a proxy fight to win seats on Occidental Petroleum’s board, said on Wednesday he opposed efforts by the Houston-based company to name new directors without picking from his slate.
On Wednesday, he blasted Hollub for looking for directors “anywhere but in our direction,” asking in an open letter to shareholders why his candidates had not been considered.“We’re going to keep fighting them,” said Icahn in an interview on Wednesday. “Unless we get on the board, we’re not going away until the annual meeting” next year, he said.
Occidental completed a $38 billion purchase of rival Anadarko Petroleum this month, a deal that Icahn had opposed, calling it “hugely overpriced.”
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