Carl Icahn to Seek Control of Occidental’s Board

(Bloomberg) — Carl Icahn plans to nominate a slate of 10 directors in an attempt to seize control of the board of U.S. oil and gas producer Occidental Petroleum Corp., according to people familiar with the matter.The billionaire investor, who owns a stake in the company valued at about $1 billion, plans to make his move before the Nov. 29 deadline for nominations, said the people, who asked not to be identified because the matter is private.A representative for Icahn declined to comment, while a representative for Occidental wasn’t immediately available for comment.Icahn has been a vocal critic of the …read more

Source:: Yahoo Finance

      

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