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Carl Icahn responds to Illumina ‘obfuscations’ in open letter

Carl Icahn released another in a series of open letters to the shareholders of Illumina in response to a company statement concerning "supposedly ‘confidential’ settlement discussions," in which the investor stated in part: "In the spirit of coming up with a consensual deal, we always agree to keep the details of our conversations private because remarks without context can be highly misleading. Over 30 years, we have dealt with many companies, in many contentious proxy contests, but never once has one of these companies broken this agreement… Based on the above facts, and after researching Mr. deSouza’s actions over the past years, including the fact that he destroyed $50 billion of shareholder value, and speaking with numerous individuals and shareholders, we believe it is unconscionable that the board of directors still entrusts him with running our potentially great company." Reference Link

Published first on TheFly

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