Billionaire Carl Icahn nears deal for 2 JetBlue board seats, days after taking 10% stake: report
JBLUJetBlue(JBLU) New York Post·2024-02-17 05:46

Activist investor Carl Icahn is close to a deal to get two JetBlue Airways board seats, the Wall Street Journal reported on Friday, days after he took a stake of about 10% in the airline. The billionaire and the airline are finalizing a settlement agreement that would allow them to avert a proxy fight. It could be announced in the coming days, the WSJ reported, citing people familiar with the matter. Icahn disclosed his JetBlue stake on Monday, saying in a filing he believed the shares were undervalued. Car ...