Icahn in Pact With Crown Holdings to Add Directors to Board
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Packaging maker Crown Holdings Inc. reached an agreement with Carl Icahn to increase the size of its board, averting a potential proxy fight.
Crown agreed to appoint Icahn’s two designees to the board, expanding it to 13 members, according to a company statement Tuesday. The new directors, Andrew Teno and Jesse Lynn, will be included as part of the company’s slate of nominees at next year’s annual meeting.