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APC - Oxy Potential Argument Against Icahn: Sandridge
Anadarko Petroleum Corporation
Carl Icahn (IEP) is a brilliant investor and a tenacious corporate activist. After repeatedly expressing his disapproval of Occidental Petroleum's (OXY) purchase of Anadarko (APC) and being rebuffed by management, he (and IEP and related entities) has initiated a "solicitation statement" - a step towards replacing members of the board of directors.
Ichan's statement included the following statement: "The recent Occidental Petroleum fiasco is a great example of how CEOs and board will go to great lengths, including 'betting the company' to serve their own agendas. If their