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Icahn Issues Statement on Mgmt Change at Forest Labs

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Carl Icahn today issued the following statement regarding Forest Laboratories, Inc. (NYSE: FRX):

We applaud Forest Labs' search committee and its board of directors in their selection of Brent Saunders as chief executive officer. We believe Mr. Saunders' impressive record at Bausch & Lomb and Schering-Plough are cause for optimism about Forest's future prospects. We also wish to thank Howard Solomon for the contributions he has made to Forest and for his continuing commitment to the company. We were happy to have assisted in the selection process and we look forward to working cooperatively and constructively with the board and with Mr. Saunders to increase value for all shareholders.

Posted-In: News Management


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