Icahn, Target Strike Deal On Board

Dec 3 2013 | 11:40am 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.


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