eBay and corporate raider Carl Icahn on Thursday ended their months-long acrimonious battle with metaphorical hugs and kisses. eBay’s board accepted an Icahn nominee — CVS Caremark Chairman David Dorman — as one of its 10 independent directors, and the disputants sang each other’s praises. “Extremely pleased about agreement,” Icahn tweeted. “Believe it’s a win-win for all shareholders.” However, the battle isn’t over yet — Icahn, who had wanted eBay to spin off PayPal, intends to pursue that idea.
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Icahn, eBay Kiss and Make Up - for Now
Posted by: Richard Adhikari April 11, 2014 09:38 AMeBay and corporate raider Carl Icahn on Thursday ended their months-long acrimonious battle with metaphorical hugs and kisses. eBay’s board accepted an Icahn nominee — CVS Caremark Chairman David Dorman — as one of its 10 independent directors, and the disputants sang each other’s praises. “Extremely pleased about agreement,” Icahn tweeted. “Believe it’s a win-win for all shareholders.” However, the battle isn’t over yet — Icahn, who had wanted eBay to spin off PayPal, intends to pursue that idea.