Talisman Energy to add two Icahn nominees to board

Carl Icahn, chairman of Icahn Enterprises Holdings
Scott Eelis | Bloomberg | Getty Images

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.