Judge Rejects Icahn Bid to Stall Mylan Takeover

Summary


PITTSBURGH - A federal judge has rejected billionaire investor Carl Icahn's attempt to block recently amended corporate bylaws at Mylan Laboratories Inc., the generic drug maker said Friday.

The amended bylaws required all proposed nominees for the board be submitted by Monday, though the annual shareholders meeting will be held in October, three months later than usual.

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Extract


Judge Rejects Icahn Bid to Stall Mylan Takeover

Icahn sued this week, saying the Mylan board is attempting to entrench itself and silence shareholders who oppose the co...

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