Houston Chronicle by Jordan Blum July 18, 2019
Activist investor Carl Icahn revealed Thursday the four people he wants to appoint to the board of Occidental Petroleum as part of his proxy war with the Houston oil and gas producer.
Icahn named former Shell Oil President John Hofmeister and three of Icahn's close business allies as his four selections in his bid to replace nearly half of the Oxy board, according to a new filing with the U.S. Securities and Exchange Commission.
Last month, Icahn, who has built a nearly 5 percent ownership stake in Oxy, started the process to call for a special meeting. He's waging the proxy war because of his opposition to Oxy's pending $38 billion acquisition to The Woodlands-based Anadarko Petroleum.
In a multi-step process, Icahn first needs the support of holders of 20 percent of Oxy's stock to set a record date to determine which shareholders can petition to hold a special meeting.
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