Thursday, September 28, 2006

Carl Icahn Seeks To Remove Some Imclone Systems (IMCL) Directors

In an amended 13D filing on Imclone Systems Inc. (Nasdaq: IMCL), 13.85% holder Carl Icahn said he intends to solicit consents from stockholders of the company to remove certain directors from the Board of the Issuer and to fill one of the vacancies with a nominee to be proposed by Mr. Icahn and his affiliates, and, in connection therewith, today filed a preliminary consent solicitation statement with the Securities and Exchange Commission, which statement may be amended prior to its use and is not yet in definitive form.

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