Illumina (ILMN) board chair voted out, CEO survives vote
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May 25, 2023 2:03 PM EDTInvesting.com -- Stocks are mixed on Thursday as tech gets a boost from Nvidia's strong outlook while Dow stocks are weaker on a lack of resolution in the debt ceiling negotiations. Here are the market movers for May 25.
NVIDIA Corporation (NASDAQ:... More
Icahn scores partial Illumina win amid pressure to defend investment acumen
May 25, 2023 1:59 PM EDTBy Svea Herbst-Bayliss
NEW YORK (Reuters) -Carl Icahn secured a seat on Thursday for one of his three nominees to the board of gene sequencing machine maker Illumina Inc, a partial victory for the activist investor who is struggling to burnish his credentials following a shortseller attack on his company.
Illumina said Icahn nominee Andrew Teno won enough shareholder votes for election, confirming an earlier Reuters report. He will take the seat of board Chairman John Thompson, who failed to win reelection.
Illumina's market value of $30 billion made the fight this year's largest proxy... More
Illumina (ILMN) Shareholders Elect One Icahn Nominee To Board - Bloomberg
May 25, 2023 1:17 PM EDTIllumina Shareholders Elect One Icahn Nominee To Board - Bloomberg
... MoreIcahn Poised To Win At Least One Seat On Illumina's Board - Reuters
May 25, 2023 5:34 AM EDTIcahn Poised To Win At Least One Seat On Illumina's Board - Reuters
... MoreExclusive-Icahn poised to win at least one seat on Illumina's board -sources
May 24, 2023 8:58 PM EDTBy Svea Herbst-Bayliss and Greg Roumeliotis
NEW YORK (Reuters) -Activist investor Carl Icahn is set to win enough Illumina Inc shareholder support to install at least one of his three nominees to the gene sequencing machine maker's board, two people familiar with the matter said on Wednesday.
A preliminary vote tally shows that Icahn nominee Andrew Teno has won enough shareholder support to get on Illumina's board, the sources said.
The sources added that the tally has not been finalised and... More
