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ImClone Systems
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==Carl Icahn acquisition== On October 25, 2006, a group led by billionaire investor [[Carl Icahn]] acquired a majority of stock thereby giving him control of the board.<ref>{{Cite news|last=Pollack|first=Andrew|url=https://www.nytimes.com/2008/10/07/business/07imclone.html|title=Eli Lilly Agrees to Buy ImClone Systems for $6.5 Billion|date=2008-10-06|work=The New York Times|access-date=2020-04-09|language=en-US|issn=0362-4331}}</ref> Within hours of the announcement, interim CEO Joseph Fischer resigned, and Icahn announced that other members of the Board of Directors would not be re-elected.<ref>{{Cite web|url=https://money.cnn.com/2006/10/25/news/companies/imclone/index.htm|title=ImClone seeking new CEO with biotech experience - Oct. 25, 2006|website=money.cnn.com|access-date=2020-04-09}}</ref>
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