The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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From: Travis_Bickle	8/20/2007 1:25:11 PM
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WCI and Icahn agree on new board composition: WCI Communities and Icahn Group Agree On New Board Composition for Company Monday August 20, 1:19 pm ET Each to Name Three Directors; Additional Directors Named by Large Shareholders; Agreement Ends Proxy Contest BONITA SPRINGS, Fla. and NEW YORK, Aug. 20, 2007 (PRIME NEWSWIRE) -- WCI Communities, Inc. (NYSE:WCI - News) and affiliates of Carl Icahn today announced that they have agreed to a new composition for the WCI Board of Directors which will be submitted to shareholders for approval at the Annual Meeting of Shareholders on August 30, 2007. As part of the agreement, the Icahn Group will withdraw its slate of nominees for the Board, effectively ending its proxy contest. biz.yahoo.com

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