• Most Popular
  • Most Shared

Icahn says will not push opposing MedImmune slate

Mon Apr 16, 2007 8:58am EDT

Mergers & Acquisitions

NEW YORK, April 16 (Reuters) - Billionaire investor Carl Icahn said on Monday he no longer intends to put forth an opposition slate of directors at MedImmune Inc.'s MEDI.O upcoming annual meeting after the biotechnology company announced last week it is exploring a sale.

Icahn, who in February disclosed that he owns 2.8 million shares of MedImmune, said he reserves the right to launch a proxy contest should MedImmune not complete a sale.

((Reporting by Lewis Krauskopf, editing by Gerald E. McCormick; Reuters Messaging: Lewis.Krauskopf.reuters.com@reuters.net; lewis.krauskopf@reuters.com; 646-223-6082))

((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit topnews.session.rservices.com

* BridgeStation: view story .134 For more information on Top News: topnews.reuters.com)) Keywords: ICAHN MEDIMMUNE/

(C) Reuters 2007. All rights reserved. Republication or redistribution ofReuters content, including by caching, framing or similar means, is expresslyprohibited without the prior written consent of Reuters. Reuters and the Reuterssphere logo are registered trademarks and trademarks of the Reuters group ofcompanies around the world.nWEN6474
Mergers & Acquisitions


More from Reuters

Photo

Jobless claims hit 17-month low

WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation.

» More Top News
A picture of an arrow in this file photo. REUTERS/File
OUTLOOK 2010:

The coming Great Inflation

Real or imagined, Americans have plenty of things to worry about. Should inflation be one of them?  Full Article 

ECONOMY
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary