NEW YORK, Oct. 7, 2015 /PRNewswire/ -- Today Carl C.
Icahn released the following statement regarding Freeport-McMoRan
Inc. (NYSE: FCX):
We have had a number of contacts
with representatives of Freeport
over the past few weeks and commend the board for adopting a number
of our recommendations, such as reducing the number of directors to
11 and providing us with 2 representatives on the board, as well as
representation on the board of Freeport's oil and gas subsidiary. We also
believe that Freeport stockholders
generally will benefit from our agreement, which restricts the
ability of the company to implement a poison pill and permits our
representatives to resign from the board at any time and be free of
any restrictions. To preempt criticism that we were willing to
accept only a small minority position on the board, I should point
out that in many of the situations just over the last few years,
where we accepted only small minority positions, shareholder value
has been greatly enhanced. Several examples are Forest Labs, Hain Celestial, Hologic, Mentor
Graphics, Take Two Interactive, Herbalife, eBay, etc., etc. I could
go on, but I believe the point is made. I hope and believe that we
will work with Freeport's board to
enhance value as we have done with so many others in the past.
Follow me on twitter: @Carl_C_Icahn
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/carl-icahn-releases-statement-on-agreement-with-freeport-mcmoran-300155763.html
SOURCE Carl C. Icahn