Corvex, Icahn to mull bid for oil and gas producer Energen [Reuters]
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Source: Reuters
Corvex, Icahn to mull bid for oil and gas producer Energen | Reuters 3 Min Read BOSTON (Reuters) - Activist hedge fund manager Keith Meister and billionaire investor Carl Icahn said they may try to buy oil and gas producer Energen Corp ( EGN.N ), according to a regulatory filing made on Monday. Icahn, 82, reunited with Meister, his 45-year old former right-hand man, by buying a stake in Energen and throwing his weight behind Meister’s year-long campaign to push for Energen’s management to look at alternatives. In Monday’s filing, Meister’s Corvex Management said Icahn bought 2 million shares and has an option to buy more. He also laid out their possible plan, saying they have “an interest in joining with other parties to acquire the Issuer.” Icahn is worth $18.3 billion, according to Forbes, putting him in a strong position to threaten and follow through on buying a company. Two months ago, Birmingham, Alabama-based Energen, which has operations in the Permian Basin, seemed to have
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