Icahn adopts all-or-nothing CMC approach

Dec 29, 2011 | 12:09 PM | Lisa Gordon

Tags  steel, Commercial Metals, Icahn Enterprises Holdings, Carl Icahn, Lisa Gordon

PITTSBURGH — Icahn Enterprises Holdings LP has advised Commercial Metals Co. (CMC) shareholders that it has adopted an all-or-nothing approach in its quest to acquire the company at $15 per share.

"We do not wish to remain a minority holder in a company run by the current board and will therefore drop our proxy fight if 40.1 percent of the shares of the company are not tendered," Icahn Enterprises....





Latest Pricing Trends

Poll

Is severe weather affecting your business?

Yes
No


View previous results