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| WCI says “take no action” on Icahn's proposed tender offer Florida-based home builder WCI Communities, Inc., issued the statement regarding the announcement by billionaire investor Carl Icahn that he intends to commence an unsolicited tender offer to acquire any and all of WCI's outstanding common stock for $22.00 per share. WCI's board will review the proposal and if Icahn, WCI's second-largest investor, makes a formal tender offer, it will make a formal recommendation to shareholders as to how they should respond to an unsolicited tender offer. If Icahn's unsolicited tender offer is formally commenced, WCI's shareholders are urged to take no action until they have been advised of the WCI board's recommendation. The company said it "continues moving forward with its comprehensive review process to identify and evaluate all financial, strategic and operational alternatives (including a potential sale of the company) to maximize value for all shareholders.'' write your comments about the article :: © 2007 Construction News :: home page |