Monday, 24 November 2014
Last updated 56 min 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.
Nov 4 2014 | 9:45am ET
Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…
Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...