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Occidental Nears Deal With Activist Icahn on Proxy Battle

Stock Market Quotes and News

U.S. oil and gas producer Occidental Petroleum Corp is nearing an agreement with activist investor Carl Icahn to halt a proxy battle in return for board seats, according to a person familiar with the matter. The agreement could put an end to a bitter fight over Occidental's ill-timed purchase of rival Anadarko Petroleum last year, a bet on the continued growth of U.S. shale...

Mentions: Anadarko Nicholas Graziano Evercore