Talisman Energy to add two Icahn nominees to board

Monday, 2 Dec 2013 | 9:23 AM ET
Carl Icahn, chairman of Icahn Enterprises Holdings
Scott Eelis | Bloomberg | Getty Images
Carl Icahn, chairman of Icahn Enterprises Holdings

Canadian oil producer Talisman Energy said it will appoint two nominees of activist investor Carl Icahn to its board as part of an agreement with its second-biggest shareholder.

Talisman's U.S.-listed shares were up Monday.

(Read more: Carl Icahn: We may consider an Apple proxy fight)

Icahn revealed his stake in Talisman, a chronic under-performer now restructuring its operations to lower costs and boost share price, in October. He currently holds about 7 percent in the company.

—By Reuters.

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