“Activism proves to be working well at Forest Laboratories, Inc. (NYSE:FRX). Since Sept 10 (when new CEO Brent Saunders arrived) the co’s stock is up aprx 57% and 8% today,” exulted Carl Icahn in a Tweet yesterday. (The “8% today” typo was corrected to “18% today” in a subsequent Tweet).
According to a recent shareholder presentation by Icahn Enterprises L.P. (NASDAQ:IEP), the group held 11.4% in Forest Laboratories, Inc. (NYSE:FRX) as on November 29, 2013.
Is Saunders Icahn’s choice?
According to one analysis, Forest Laboratories, Inc. (NYSE:FRX) CEO Brent Saunders was handed the helm of the company “basically...
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