Talisman Hands Icahn 2 Board Seats To Thwart Proxy Contest

Law360, New York (December 2, 2013, 11:51 AM EST) -- Talisman Energy Inc. said Monday it will appoint a pair of new directors hand-picked by Carl Icahn to its board, a move that heads off a proxy fight with the billionaire activist who two months ago threatened a shakeup to unlock value at the company.

Icahn lieutenants Samuel Merksamer and Jonathan Christodoro will join Talisman's leadership team this month, and will be on the Canadian oil producer's slate of nominees up for re-election next year, it said. With board representation locked down, Icahn pledged to shelve...
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