Icahn is still hopeful on the Uniroyal bid.
- Share via
Despite an announcement that shareholders appeared to have narrowly voted to protect the current management of Uniroyal, corporate raider Carl C. Icahn remained optimistic. “So far, they’ve only announced preliminary results,” Icahn said. A two-thirds vote was required to approve the proposals, which included staggered terms for the company’s 12 directors and a “fair price” amendment requiring that all shareholders receive the same price per share under the same terms in the event of a takeover.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.