Forest Laboratories Inc.'s (FRX) board, in its letter to shareholders relating to the company's Annual Meeting on August 15, 2012, has recommended stockholders to vote for all 10 of its highly qualified director nominees on the WHITE proxy card.
The letter highlights Forest's qualified slate of director nominees and states that Carl Icahn's dissident slate has significant and obvious conflicts and entanglements that compromise their independence and ability to represent all Forest shareholders.
In its letter, Forest Laboratories noted, "Carl Icahn is again attempting to replace four of your directors with four of his own hand-picked representatives. We find it curious that Mr. Icahn has again proposed four directors when he has very publicly stated that what he really wants is for Forest to agree to place Eric Ende and Daniel Ninivaggi on your board - both of whom are beholden to Icahn because they are paid directly by him."
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