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Billionaire seeks to replace 40% of Occidental’s board of directors

8 hours ago DieselGasoil Comments Off on Billionaire seeks to replace 40% of Occidental’s board of directors
7/19/2019 HOUSTON – Carl Icahn formally asked Occidental Petroleum Corp. investors to help him replace four of the company’s 10 directors and potentially push for a sale. Icahn and Occidental Chief Executive Officer Vicki Hollub spoke three times in the last six weeks both by phone and in person to discuss his ideas about corporate Read More

Icahn launches proxy fight after stalled talks with Occidental CEO

22 hours ago DieselGasoil Comments Off on Icahn launches proxy fight after stalled talks with Occidental CEO
HOUSTON (Reuters) – Activist investor Carl Icahn on Thursday formally launched a proxy fight against Occidental Petroleum (OXY.N) to win control of four board seats, according to a regulatory filing, after talks with the oil company’s chief executive failed to reach an agreement. FILE PHOTO: Billionaire activist-investor Carl Icahn gives an interview on FOX Business Read More

Anadarko shareholders to vote next month on Occidental deal

1 week ago DieselGasoil Comments Off on Anadarko shareholders to vote next month on Occidental deal
Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, 2019. REUTERS/Loren Elliott HOUSTON (Reuters) – Anadarko Petroleum Corp (APC.N) shareholders will vote Aug. 8 on the oil and gas producer’s planned $38 billion sale to Occidental Petroleum Corp – the biggest oil and gas deal of the year. Occidental (OXY.N) avoided its Read More

Trump intervention delaying EPA biofuel waiver action, sources say

1 week ago DieselGasoil Comments Off on Trump intervention delaying EPA biofuel waiver action, sources say
WASHINGTON (Reuters) – U.S. President Donald Trump’s request for a review of the administration’s expanded use of biofuel waivers for oil refiners is holding up its decisions on 2018 applications, according to three sources familiar with the matter, two of whom said Trump may soon host a meeting on the issue. FILE PHOTO: A sign Read More

Elliott outspends rivals as corporate activism turns to Germany

1 week ago DieselGasoil Comments Off on Elliott outspends rivals as corporate activism turns to Germany
FRANKFURT/BOSTON (Reuters) – Elliott Management Corp has invested more than rivals in its push for corporate change so far this year and there has been an increasing focus among activist investors on German companies. FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., Read More

Corporate activist Elliott outspending rivals: Lazard data

1 week ago DieselGasoil Comments Off on Corporate activist Elliott outspending rivals: Lazard data
BOSTON (Reuters) – Elliott Management Corp, Paul Singer’s $35 billion hedge fund, has outspent all rivals in pushing for corporate changes like spin-offs, mergers, and management overhauls this year. FILE PHOTO: Paul Singer, founder and president of Elliott Management Corporation, speaks at WSJD Live conference in Laguna Beach, California, U.S., October 25, 2016. REUTERS/Mike Blake Read More

Icahn steps up fight with Occidental over deal, wants board seats

3 weeks ago DieselGasoil Comments Off on Icahn steps up fight with Occidental over deal, wants board seats
(Reuters) – Billionaire investor Carl Icahn on Wednesday ratcheted up his fight with Occidental Petroleum over its pending purchase of rival Anadarko Petroleum by calling for a special shareholder meeting where he hopes to win board seats. FILE PHOTO: Investor Carl Icahn responds to a question at a meeting to announce the findings of the Read More

Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy

4 weeks ago DieselGasoil Comments Off on Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy
(Reuters) – U.S. casino operator Eldorado Resorts Inc has agreed to buy rival Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on larger companies such as Las Vegas Sands and Wynn Resorts. FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the Read More

Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion

4 weeks ago DieselGasoil Comments Off on Eldorado Resorts to buy Caesars Entertainment for about $8.5 billion
(Reuters) – Eldorado Resorts Inc has agreed to buy Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on competition from larger companies such as Las Vegas Sands and Wynn Resorts. FILE PHOTO: The 550 foot-tall (167.6 m) High Roller observation wheel, the tallest in Read More

Anadarko pressed Occidental for cash, expecting investor opposition -filing

1 month ago DieselGasoil Comments Off on Anadarko pressed Occidental for cash, expecting investor opposition -filing
HOUSTON (Reuters) – Anadarko Petroleum exacted a top price for itself by repeatedly spurning Occidental Petroleum’s approaches and pushing for all-cash offers, reasoning the market might react negatively to the blockbuster $38 billion deal, according to securities filings released on Friday. FILE PHOTO: Anadarko Petroleum Corporation is seen in The Woodlands, Texas, U.S., April 30, Read More