UPDATE 2-Occidental tries to head off investor Icahn as he amasses shares
Occidental Petroleum said on
Friday it will move to stop investors from amassing more than a
15% stake in a move aimed at activist investor Carl Icahn, who
has been buying up shares and stepping up criticism of the oil
producer’s $38 billion purchase of Anadarko Petroleum last year.
Friday it will move to stop investors from amassing more than a
15% stake in a move aimed at activist investor Carl Icahn, who
has been buying up shares and stepping up criticism of the oil
producer’s $38 billion purchase of Anadarko Petroleum last year.
Posted by Reuters
