Kerr-McGee Receives HSR Notice From Icahn
Kerr-McGee (NYSE: KMG) announced that the company has received letters from Carl C. Icahn and Icahn Partners Master Fund LP that each has filed a notice under the Hart-Scott-Rodino Act regarding the intention of each to acquire between $100 million and $500 million of Kerr-McGee stock, for a total of up to $1 billion. Kerr-McGee has otherwise had no contact with Icahn or Icahn Partners.
Icahn related entities have previously held investments in Kerr-McGee. "The company welcomes all investors as we continue to explore ways to enhance value for all our shareholders," said Luke R. Corbett, Kerr-McGee chairman and chief executive officer, in response to the recent Icahn letters.
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