Icahn

Icahn Cements Control at Oxy through Board Appointments

Icahn Cements Control at Oxy through Board Appointments

In concessions to activist shareholder Carl Icahn, Houston-based independent Occidental Petroleum Corp. (Oxy) has named Magnolia Oil and Gas Corp. CEO Stephen Chazen as chairman and appointed three Icahn-picked directors to the board.

March 25, 2020

Oxy Floats ‘Poison Pill’ in Bid to Dilute Icahn Stake

The Occidental Petroleum Corp. (Oxy) board on Friday adopted a limited duration stockholders rights plan, known commonly as a “poison pill,” in an effort to dilute activist billionaire shareholder Carl Icahn’s growing stake in the Houston-based independent.

March 16, 2020
Occidental Deal for Anadarko ‘Reprehensible,’ Says Icahn

Occidental Deal for Anadarko ‘Reprehensible,’ Says Icahn

Billionaire investor Carl Icahn, who is seeking to usurp four directors at Occidental Petroleum Corp., is alleging the board has mismanaged the takeover of Anadarko Petroleum Corp.

July 23, 2019

Oxy’s Anadarko Purchase Questioned by Icahn, Who Threatens Board Fight

Activist investor Carl Icahn, who holds an estimated $1.6 billion (5%) stake in Occidental Petroleum Corp. (Oxy), has filed a lawsuit over the proposed acquisition of Anadarko Petroleum Corp., which he called misguided and overpriced.

June 3, 2019

Oxy’s Anadarko Purchase Questioned by Icahn, Who Threatens Board Fight

Calling the takeover of Anadarko Petroleum Corp. overpriced and misguided, activist investor Carl Icahn, who holds an estimated $1.6 billion (5%) stake in Occidental Petroleum Corp. (Oxy), is suing the company and threatening a fight for control of the board.

May 31, 2019

With Icahn Adviser Now Chairman, SandRidge Eyeing Either Buyout or Asset Sale

Oklahoma City-based SandRidge Energy Inc., dogged by Carl Icahn and facing financial pressures, has at least 26 confidentiality agreements with parties “actively pursuing” a potential transaction to buy the company outright or specific assets in the U.S. onshore.

July 2, 2018

Icahn Takes Control of SandRidge Board

Billionaire hedge fund activist Carl Icahn on Tuesday won control of SandRidge Energy Inc.’s board, winning four seats and awarded a fifth by the company at the annual meeting.

June 20, 2018

SandRidge Says 17 Potential Bidders Eyeing Company, Including Icahn

Oklahoma City-based SandRidge Energy Inc. said it has 17 confidentiality agreements with potential bidders in hand for the company, but it also warned shareholders they were being misled by billionaire hedge fund activist Carl Icahn, who also bidding to control the company.

June 15, 2018
Icahn, Corvex Mulling Bid to Further Shake Up Permian Pure-Play Energen

Icahn, Corvex Mulling Bid to Further Shake Up Permian Pure-Play Energen

Permian Basin pure-play Energy Corp. is facing another battle for control as hedge fund Corvex Management, long critical of management and now holding two board seats, has teamed with activist investor Carl Icahn to get involved in a strategic review underway.

May 21, 2018

SandRidge Says All Offers on Table, Including Any by Icahn

Onshore producer SandRidge Energy Inc., buffeted by bankruptcy, squelched expansion plans and unsolicited takeovers, said Monday it now welcomes input on which direction to take, including any by the largest shareholder, Carl Icahn.

April 9, 2018
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