Talisman Energy to add two Icahn nominees to board

Mon Dec 2, 2013 8:58am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

Dec 2 (Reuters) - Canadian oil producer Talisman Energy Inc said it will appoint two nominees of activist investor Carl Icahn to its board as part of an agreement with its second-biggest shareholder.

Talisman's U.S.-listed shares were up 4 percent in premarket trading on Monday.

Icahn first revealed his stake in Talisman, a chronic underperformer now restructuring its operations to lower costs and boost share price, in October. He currently holds about 7 percent in the company.

(Reporting by Ashutosh Pandey in Bangalore; Editing by Sriraj Kalluvila)