Court tosses Carl Icahn's lawsuit seeking Occidental acquisition records

FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network's Neil Cavuto show in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Photo

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 $38 billion deal. “We intend to appeal his decision because we believe understanding what happened in the Oxy boardroom is very important to our proxy fight and for all stockholders,” said Andrew Langham, general counsel for Icahn Enterprises.Icahn last week disclosed the sale of 10 million shares of the oil and gas producer, reducing his Occidental holdings by nearly a third, according to a letter to shareholders. His stake, valued at about $1.

WTF?

Didn’t Borat accidentally spend some time in this man’s ass crack?

This greedy bastard should be held accountable. I don’t care how old he is.

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Source: Reuters - 🏆 2. / 97 Read more »