Carl Icahn wants seats on FirstEnergy’s board
Icahn has a history of helping firms through tough times, including defending Herbalife Nutrition against fellow activist investor Bill Ackman, who was shorting its shares
09 March 2021 - 17:06
Activist investor Carl Icahn is in discussions with FirstEnergy about potentially taking two seats on the board of the utility, according to people familiar with the matter.
The billionaire investor has built a sizeable stake in FirstEnergy and is focused on helping the company put a federal corruption scandal and other issues behind it to narrow the valuation gap between FirstEnergy and its peers, the people said, asking not to be identified because the matter is private...
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