Icahn, Target Strike Deal On Board

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.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


Hedge Funds Swarm Into Palm Beach

Oct 27 2016 | 2:32pm ET

As the first flakes of snow fall on New York's northern suburbs, Dan Weil of South...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...