Activist investor Icahn’s blessing is a relief for the company as it tries to rebound from a bitter proxy fight with the billionaire investor.
"I think he will do an excellent job and he has my full support," Icahn said in aIcahn, who continues to own a small stake in Illumina, launched a proxy battle over the company's decision to close its $7.1 billion acquisition of cancer test developer Grail in 2021 without approval from antitrust regulators in U.S. and European Union.
Icahn was a staunch critic of Illumina's former CEO Francis deSouza, who ultimately resigned after the proxy battle in May despite securing enough votes to stay. "I'd find it comical, if it wasn't so reprehensible that ILMN's share price is down 63% due to CEO Francis deSouza making such an absurd and questionable purchase," Icahn said in a statement to CNBC in March.Shares of Illumina are now down nearly 70% since closing the Grail deal in August 2021. The company's market value has fallen to roughly $25 billion from around $75 billion in August 2021.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Former Penn State star Carl Nassib announces retirement from footballCarl Nassib became the first active NFL player to announce he is gay back in 2021.
Leer más »
Carl Radke, Lindsay Hubbard's Guests Stuck With Wedding Costs Post-SplitCarl Radke and Lindsay Hubbard, who were set to exchange vows in November, called it quits ahead of their wedding
Leer más »
Carl Nassib, first openly gay NFL player and Cleveland Browns draftee, announces retirementCarl Nassib, a former Cleveland Browns defensive end and the first openly gay player in the NFL, announced his retirement from football in a social media post Wednesday.
Leer más »
Captain Lee Says Carl Radke Texted Him After Lindsay Hubbard SplitBelow Deck's Captain Lee, who was in the running to officiate for Carl Radke and Lindsay Hubbard's wedding, addressed their split
Leer más »
Ex-Buccaneers, Raiders and Browns LB Carl Nassib announces retirement after 7 seasonCarl Nassib announced his retirement from the league Wednesday after seven seasons in the NFL. The veteran linebacker and defensive end called the moment 'bittersweet' in an Instagram post and added that leaving the league will allow him to put more focus on his company, Rayze, a social media app that connects non-profits to donors.
Leer más »