Activist investor Carl Icahn on Thursday formally launched a proxy fight against...
) 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.
Icahn, who owns 4.4% of Occidental shares, last month said he planned to launch a proxy fight to oust and replace four Occidental directors. Icahn has blasted the Houston-based oil and gas producer for failing to give owners a say on its proposed $38 billion acquisition of Anadarko Petroleum , which he has called “misguided and hugely overpriced.”
In the proxy filing with the Securities and Exchange Commission, Icahn identified his four candidates for the board: John Hofmeister, the former president of Shell Oil Company; Alan LeFevre, the former finance chief of consumer goods firm Jarden Corp; and Nicholas Graziano and Andrew Langham, two executives with Icahn’s own investment company.
If Icahn’s proxy solicitation is successful in forcing a special meeting of shareholders, the record date for a vote on the Icahn candidates could be scheduled as soon as September or October.
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