Fairmont board recommends shareholders reject Icahn offer
22nd Dec 2005, 23:10 GMT
TORONTO (AP) - The Fairmont Hotels & Resorts Inc. board has unanimously rejected financier Carl Icahn's $1.2 billion bid to take control of the company, calling the offer "inadequate." Icahn was offering $40 a share for 41 percent of the company through Icahn Partners LP and Icahn Partners Master Fund LP.
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