EBay, Carl Icahn Settle Proxy Fight, PayPal Dispute

By | April 10, 2014

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Corporate raider Carl Icahn on Thursday unexpectedly ended his pitched campaign to force eBay (EBAY) to spin off its lucrative PayPal payments unit after reaching a deal with eBay’s management to add an independent director to the auction website company’s board. Icahn, who holds a roughly 2% stake in eBay, also agreed to withdraw his two nominees to eBay’s board. The independent board member is David Dorman, the 60-year-old chairman of CVS Caremark Scalper1 News

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