eBay Flatly Rejects Icahn Compromise, Sets Up May 13 Showdown

Mark Melin

Published onMarch 25, 2014

Updated on May 13, 2021

As Carl Icahn continues to wage a media war, calling into question the ethics of eBay Inc (NASDAQ:EBAY)’s board members, the e-commerce company today issued a letter to shareholders that stuck to Icahn’s original investment thesis: the breakup of PayPal from eBay. In that letter eBay flatly rejected what had appeared to be a concession on the part of Icahn.

Table of Contents

Proposal “nothing new”

Setting up a May 13 showdown at the annual shareholder’s meeting, eBay Inc (NASDAQ:EBAY)’s board fired back at Icahn’s proposal to spin off PayPal from...

Login required to continue reading.

Setup a free account to get access to this article (no credit card required).

View Full Article

Already a member? Log in here

Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

eBay Flatly Rejects Icahn Compromise, Sets Up May 13 Showdown

Proposal “nothing new”

Login required to continue reading.

Get Your Business News