HOUSTON: Activist investor Carl Icahn will not have access to Occidental Petroleum Corp's Anadarko takeover records to support his proxy fight against the oil firm's board, a Delaware court judge ruled on Thursday.
Icahn sued Occidental in Delaware Court of Chancery last May seeking financial records and details of its negotiations with Anadarko. He has since committed to a proxy fight to appoint new management and accelerate asset sales to repay debt taken on with the US$38 billion deal.
Replacing the company's leadership would cause its value to"meaningfully increase," he said in an interview last week. Icahn then declined to say how much he lost on the sale of the 10 million Occidental shares.Occidental traded at US$37.76 on Thursday, down from US$65.33 on April 12 when the company's interest in Anadarko was first disclosed.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Icahn takes stake in HP, pushes for merger with Xerox: WSJActivist investor Carl Icahn is pushing for the proposed merger of Xerox Corp and HP Inc , arguing that a union of the printer makers could make ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Icahn takes stake in HP, pushes for merger with Xerox - WSJActivist investor Carl Icahn has bought a US$1.2 billion stake in HP Inc and is pushing for the personal computer maker's merger with printer ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Icahn pushes for Xerox-HP merger: WSJActivist investor Carl Icahn is pushing for the proposed merger of Xerox Corp and HP Inc , arguing that a union of the printer makers could make ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Icahn pushes for Xerox-HP merger: WSJActivist investor Carl Icahn is pushing for the proposed merger of Xerox Corp and HP Inc , arguing that a union of the printer makers could make ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Icahn takes stake in HP, pushes for merger with Xerox - WSJActivist investor Carl Icahn has bought a US$1.2 billion stake in HP Inc and is pushing for the personal computer maker's merger with printer ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Icahn takes stake in HP, pushes for merger with Xerox: WSJActivist investor Carl Icahn is pushing for the proposed merger of Xerox Corp and HP Inc , arguing that a union of the printer makers could make ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »