ICN launches site to battle dissident group. (Up Front).Costa Mesa-based ICN ICN International Council of Nurses. Pharmaceuticals Inc. launched a Web site outlining the reasons it says shareholders should back the drug maker's management and board candidates in its battle with dissident shareholders dissident shareholders Shareholders who oppose a firm's management or management policy. For example, dissident shareholders of Hewlett-Packard opposed that firm's offer to purchase Compaq Computer. . The site includes a synopsis A summary; a brief statement, less than the whole. A synopsis is a condensation of something—for example, a synopsis of a trial record. of ICN's performance and details about management's board candidates. One link, "How ICN Increases Shareholder Value," shows "ICN's on-going commitment to unlocking maximum shareholder value through optimal valuation," according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the company. ICN is facing off against two shareholder groups, Franklin Mutual Advisers LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control of Short Hills, N.J., and Iridian Asset Management LLC of Westport, Conn. The two are backing their own slate of candidates for the company's May 27 annual meeting and board election. The two investors, which own about 10 percent of ICN's stock, contend the company has dragged its feet on a restructuring plan. The shareholder site is accessible via ICN's main site, www. www.icnpharm.com, by clicking on "Learn more about ICN's Annual Meeting." |
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