New Threads Only:  Add to Google Reader or Homepage
New Threads & Replies:  Add to Google Reader or Homepage
Forums are for serious investors only. GuruFocus Forum Rules.

Forum List » Guru News and Commentaries
Guru News, Stock picks and commentaries
New Topic
Goto Thread: PreviousNext
Goto: Forum ListMessage ListNew TopicLog In
Carl Icahn Talks His Plan for Forest Labs
Posted by: Dheeraj Grover (IP Logged)
Date: August 16, 2012 09:33AM

Well-known activist investor Carl Icahn was on CNBC to discuss his plans for Forest Lab (FRX) after he won one seat on their board. Icahn has been locked in a proxy battle with Forest labs to unlock the value as generics attack two kay drugs of Forest Labs

-- Bittersweet victory for Carl Icahn as he wins one board seat on Forest Lab's board vs. four he was fighting for.
-- Nevertheless, he thinks even one seat is enough to influence changes which will unlock the value.
-- Icahn has nominated Pierre Legault, former executive at several drug companies, to join the board.
-- He will take the path of peace, he likes the current CEO, he personally called Icahn to congratulate him on winning the board seat, and there are differences in opinion which will be resolved amicably.
-- There is really hope for the company and this company has great potential.

Here is the video:




Guru Discussed: Carl Icahn: Current Portfolio, Stock Picks
Stocks Discussed: FRX,
Rate this post:

Rating: 3.8/5 (6 votes)





Sorry, only registered users may post in this forum.

Please Login if you have an account or Create a Free Account if you don't
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK