Icahn Renews Effort To Replace Visx Board At Next Shareholder Meeting
This article was originally published in The Gray Sheet
Executive Summary
Financier Carl Icahn appears to have abandoned his $32 a share cash tender offer for Visx in favor of electing a rival slate of directors to the firm's board, a strategy that in the past has failed
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Financier Carl Icahn declares intent to nominate Keith Meister to the ophthalmic firm's board of directors. Icahn, who owns 11.6% of the company, had scrapped plans to elect a rival slate of directors in March. A hostile takeover was initially proposed in April 2001 (1"The Gray Sheet" Nov. 26, 2001, p. 30)...
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Financier Carl Icahn declares intent to nominate Keith Meister to the ophthalmic firm's board of directors. Icahn, who owns 11.6% of the company, had scrapped plans to elect a rival slate of directors in March. A hostile takeover was initially proposed in April 2001 (1"The Gray Sheet" Nov. 26, 2001, p. 30)...
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Financier Carl Icahn forgoes earlier plan to elect a rival slate of directors to the firm's board at the May 2002 annual meeting (1"The Gray Sheet" Nov. 26, 2001, p. 30). In a recent 13D filing with the Securities & Exchange Commission, Icahn maintained that depending upon market conditions, he may acquire or dispose of additional shares. Icahn previously proposed to acquire Visx for $32 per share in a hostile takeover bid last April...