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Icahn sues Occidental over Anadarko takeover

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Billionaire Carl Icahn filed suit against Occidental Petroleum for its planned purchase of Anadarko Petroleum.

Icahn claims the deal, valued at $57 billion, including debt, is overpriced and "misguided."

Icahn, whose firms own about $1.6 billion of Occidental stock, said in the suit the purchase price was "sky high" and the deal "raises very real questions about the competence" of the company's management and board.

Read more from CNN Business.


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