1. Carl Icahn Challenges Occidental's ‘Hugely Overpriced’ Anadarko Deal

    Carl Icahn Challenges Occidental's ‘Hugely Overpriced’ Anadarko Deal

    (Bloomberg) -- Billionaire activist investor Carl Icahn is challenging Occidental Petroleum Corp.’s $38 billion takeover of Anadarko Petroleum Corp., calling the transaction “fundamentally misguided and hugely overpriced” in a lawsuit that seeks corporate records related to the deal. Ichan holds more than $1.6 billion of Occidental stock, according to the suit filed in a Delaware court Thursday...

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    1. The Icahn Parties believe that the Occidental board and management are in far over their heads, have made numerous blunders in recent months and might continue to trip over their feet if the board is not strengthened.
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