Wednesday, October 11, 2006
Odds Tilting Towards Icahn after Resignations
ImClone Systems Incorporated (NDAQ:IMCL) announced yesterday in an 8K filing with the SEC that its director, David Kies, was resigning effective October 9, 2006. The company also announced the resignation of William Crouse - another Board member. These resignations greatly enhance the odds of a successful takeover by Carl Icahn and company. For more information about what Icahn has planned for the company, please see our previous post.

Related Companies
Medarex, Inc. (MEDX)
Amgen, Inc. (AMGN)
OSI Pharmaceuticals, Inc. (OSIP)

Shareholder Activism
10/11/2006 8:32:49 PM UTC  #    Comments [0]  |  Trackback
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