Houston-based Occidental Petroleum Corp. (NYSE: OXY) and billionaire activist investor Carl Icahn reportedly are close to reaching an agreement that involves seats on the oil producer’s board of directors.
People familiar with the matter told the Wall Street Journal that two Icahn lieutenants — Andrew Langham and Nicholas Graziano — would become board members under the plan being discussed. Icahn and Occidental also would agree on a third independent director.
Finally, Icahn would agree to…
The system, known as NeuFuel, differs from compressed natural gas because it can be used at a lower pressure than CNG.
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