From Reuters Anadarko Petroleum Corp (APC.N), in its last earnings report before shareholders vote on its sale to Occidental Petroleum (OXY.N), on Friday reported a quarterly profit that topped analysts’ estimates, as higher production offset lower prices for its oil. It reported a net loss on a $1 billion breakup fee paid to Chevron Corp (CVX.N). Anadarko accepted a $38
From Reuters Proxy advisory firm Institutional Shareholder Services on Thursday urged Occidental Petroleum Corp shareholders to ask management to let them weigh in on board and governance issues as the company buys rival Anadarko Petroleum Corp.. The request comes one week after the takeover deal’s biggest critic, billionaire investor Carl Icahn, laid out plans to shake up Occidental’s board. ISS
Rather than plunking down tens of billions of dollars on Anadarko, Icahn argued that Occidental should instead have put itself up for sale From CNN Business New York (CNN Business) Billionaire Carl Icahn launched a legal attack on Occidental Petroleum on Thursday, arguing the oil company paid way too much money to acquire Anadarko Petroleum. Icahn, whose firms own about $1.6 billion
From Reuters Activist investor Carl Icahn said on Thursday he had reduced his stake in liquefied natural gas exporter Cheniere Energy Inc (LNG.A) to 9.5 percent, but added that he was confident in the company’s management and Chief Executive Officer Jack Fusco. Icahn, still the biggest shareholder of the company, had disclosed bit.ly/2lHu2Km a stake of 13.8 percent in Cheniere
From Reuters Activist investor Carl Icahn on Tuesday won a battle for control of SandRidge Energy, winning at least four of seven seats on the board of the U.S. shale producer that he wants to sell. Shareholders elected four of Icahn’s seven-person slate and two nominees put forth by the Oklahoma City, Oklahoma oil and gas company, according to preliminary
Transaction represents 8% premium, not 75%: SandRidge letter November 15: SandRidge announces acquisition of Bonanza Creek Energy for $746 million November 27: SandRidge creates “poison pill” to fight Icahn November 30: Icahn responds to SandRidge December 11: SandRidge publishes new letter ‘dispelling myths’ SandRidge Energy, Inc. (ticker: SD) issued a letter today addressed to shareholders, highlighting the benefits of the
Cheniere Board of Directors Appoints Board Members to Run the Company Until New CEO Found Cheniere Energy’s (ticker: LNG) first LNG shipment is just weeks away, and the man who co-founded the colossal operation will not be present to witness his company’s achievement. Charif Souki, the former Chairman, President and Chief Executive Officer of Cheniere Energy, has been removed from
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