Science Fair Project Encyclopedia
Icahn has also tried to take over Marvel Comics. He has casino interests in Las Vegas, Nevada, including the Stratosphere and Arizona Charlies which are operated through his company American Entertainment Properties .
In 2004, Icahn purchased a large bloc of stock in a pharmaceutical concern, Mylan Laboratories, after Mylan had announced a deal to acquire another company in that market, King Phamaceuticals , of Bristol, Tennessee. Icahn threatened a proxy fight over the acquisition, saying that the contract required Mylan to over-pay. He also contended that Mylan's chief executive, Robert J. Coury was significantly overcompensated and that Mylan's corporate governance was otherwise badly flawed.
In early 2005, Mylan gave up its efforts to acquire King, but management said this was a result of its ongoing monitoring of relevant facts, not due to pressure from Mr. Icahn.
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