India, June 27 -- Occidental Petroleum Corp.(OXY), an oil and gas exploration and production company, on late Wednesday issued a statement in response to the materials filed by activist investor Carl Icahn.
The company said it will review the latest materials filed by Icahn, and will address them in its ongoing conversations with Occidental shareholders.
Icahn is seeking to replace four directors at Occidental Petroleum, saying the company's board "fundamentally misguided" its $38 billion deal to buy Anadarko Petroleum Corp. (APC).
Icahn's firms own about $1.6 billion of Occidental stock.
In May 2019, Icahn filed a lawsuit against Occidental Petroleum saying that Occidental's recent deal to buy Anadarko for $38 billion was fundamentally...