Carl Icahn sues Occidental over ‘misguided’ Anadarko takeover
The billionaire investor warns in the suit that ‘the board is in far over its head’
30 May 2019 - 20:26
New York — Activist investor Carl Icahn launched a lawsuit against Occidental Petroleum with the goal of potentially seeking board seats and a sale of the company.
The billionaire investor said in the suit filed on Thursday in Delaware Chancery Court that he has built a $1.6bn stake in the company and is upset by its decision to acquire Anadarko Petroleum for $38bn and the $10bn financing deal it lined up from Warren Buffett’s Berkshire Hathaway without a shareholder vote...
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