Deals
Icahn Petitions Delaware Chancery Court on Forest Data
This article is for subscribers only.
Billionaire investor Carl Icahn asked a judge to let him publicize documents obtained from Forest Laboratories Inc. as part of a proxy fight over seats on the drugmaker’s board.
The documents, released to Icahn Aug. 6 by Delaware Chancery Court Judge Abigail LeGrow in Wilmington after a trial, involve licensing agreements with other drugmakers, the billionaire said today in a statement. One of the agreements includes an embedded “poison pill” shareholder-rights plan that may thwart any potential Forest takeover, Icahn said.