Examples of Icahn Group in a sentence
Neither the Company, on the one hand, nor the Icahn Group, on the other hand, will be responsible for any fees or expenses of the other in connection with this Agreement.
The Icahn Group became “affiliated” with FirstEnergy when(ever) it acquired nearly 19 million shares of FirstEnergy’s common stock.
Potomac Edison declined to answer, stating that “Potomac Edison notes that the agreement is between the Icahn Group and FirstEnergy Corp, and that it expressly (at paragraph 16) disclaims that it creates any rights in third parties.
What the Icahn Group deems in the best interests of FirstEnergy, and the Icahn Group’s substantial share interest in FirstEnergy, may not be in the best interests of Potomac Edison and its ratepayers.
Assuming that the Icahn Group still holds 18,967,757 shares of FirstEnergy stock, it has (at current market prices) a roughly $791 million ownership interest in FirstEnergy.