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Solomon To Step Aside As Forest Exec; Icahn Wins Another Victory

This article was originally published in The Pink Sheet Daily

Executive Summary

President and CEO of Forest Laboratories Howard Solomon will retire at the end of the year. Activist investor Carl Icahn has long inveighed against the 85 year-old exec. This could signal a renewed effort to get Forest back on track, now that its Lexapro losses have slashed revenue and a Namenda expiry looms.

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