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Icahn Drops PayPal Spinoff In EBay Proxy Battle Truce

By Linda Chiem (April 10, 2014, 2:37 PM EDT) -- EBay Inc. and activist investor Carl Icahn have reached a deal to end their marathon proxy fight, with Icahn agreeing to drop his proposal to spin off eBay's profitable PayPal Inc. unit and withdraw his two picks to the company's board, it was announced Thursday....

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