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

U.S. Treasury Moves on Reinsurance Loophole

Apr 24 2015 | 5:11pm ET

The U.S. Treasury Department has released proposed rules aimed at limiting the ability...

Lifestyle

Puerto Rico Woos The Rich But So Far Gains Little

Apr 17 2015 | 2:45am ET

Hedge fund manager Rob Rill grins. He has just had word that U.S. financial regulators...

Guest Contributor

Opportunities Ahead: Asian Fixed Income and Currency Markets

Apr 24 2015 | 6:18am ET

For hedge funds focusing on Asia, the policy uncertainty, unclear interest rate...

 

Editor's Note