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Article: ImClone Systems Chairman Responds to Carl Icahn Filing.
- Article from:
- Business Wire
- Article date:
- September 28, 2006
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NEW YORK -- ImClone Systems Incorporated (NASDAQ: IMCL) Chairman David Kies today issued the following statement in response to a filing from Carl Icahn:
"We are disappointed that Carl Icahn, a minority shareholder and director, is trying to seize control of the Company without paying a control premium to all ImClone Systems shareholders. Despite our best efforts to avoid this kind of distraction by giving Mr. Icahn disproportionate representation on the Board, he has chosen to proceed with this attempt to take control of the Company. It would be a significant mistake to dismiss half of the directors elected by shareholders less than ten days ago, as each of them ...