Sunday, 21 December 2014
Last updated 12 hours ago
Dec 3 2013 | 10:40am ET
It took less than two months, but Carl Icahn has another activist victory.
Talisman Energy, the Canadian oil and gas company that Icahn bought in October, said it would name two Icahn nominees to its board of directors. In exchange, Icahn has agreed to vote for Talisman's slate of nominees next year.
"I strongly believe in the potential of Talisman and I'm pleased to have reached this constructive outcome," Icahn said.
One of Icahn's two appointees—Jonathan Christodoro or Samuel Merksamer—will sit on Talisman's succession committee, which is charged with replacing CEO Hal Kvisle. Kvisle plans to step down next year.
Icahn Enterprises owns about 7% of Talisman's shares.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.