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Carl Icahn Challenges Occidental's ‘Hugely Overpriced’ Anadarko Deal

BNN Bloomberg

(Bloomberg) -- Billionaire activist investor Carl Icahn is challenging Occidental Petroleum Corp.’s $38 billion takeover of Anadarko Petroleum Corp., calling the transaction “fundamentally misguided and hugely overpriced” in a lawsuit that seeks corporate records related to the deal. Ichan holds more than $1.6 billion of Occidental stock, according to the suit filed in a Delaware court Thursday...

Mentions: Delaware Takeover Warren Buffett