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Case
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Reference no. 9-207-020
Published by: Harvard Business Publishing
Originally published in: 2021
Version: 12 July 2021
Revision date: 09-Aug-2021

Abstract

Activist investors Carl Icahn and Barry Rosenstein acquire a stake in Oklahoma-based company Kerr-McGee. They demand two board seats and ask the company to make several operational and financial changes, including the repurchase of equity and divestiture of their chemicals business. The case protagonist, Luke Corbett, CEO, opposes these changes.
Location:
Size:
USD5 billion revenues, 4,000 employees
Other setting(s):
2004-2005

About

Abstract

Activist investors Carl Icahn and Barry Rosenstein acquire a stake in Oklahoma-based company Kerr-McGee. They demand two board seats and ask the company to make several operational and financial changes, including the repurchase of equity and divestiture of their chemicals business. The case protagonist, Luke Corbett, CEO, opposes these changes.

Settings

Location:
Size:
USD5 billion revenues, 4,000 employees
Other setting(s):
2004-2005

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