Activist Investor Carl Icahn Reportedly Drops Threat of Second Proxy Battle for Illumina ...Middle East

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Activist Investor Carl Icahn Reportedly Drops Threat of Second Proxy Battle for Illumina
Billionaire activist-investor Carl Icahn gives an interview on FOX Business Network. REUTERS/Brendan McDermid Activist investor Carl Icahn has dropped a threat to mount a new challenge to Illumina’s board, sparing the U.S. gene sequencing company from its second proxy contest in as many years, people familiar with the matter have told Reuters. Icahn, who installed one of his nominees to Illumina‘s board last year through a proxy contest, had said in December he wanted to oust more Illumina directors, blaming them for the company losing three-quarters of its market value because of mismanagement and its soured $7.1 billion acquisition of blood test maker Grail. Icahn saw little valu

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