On November 26, 2019, Carl Icahn announced that he plans to nominate a slate of 10 directors in an attempt to seize control of the board of U.S. oil and gas producer Occidental Petroleum Corp., according to people familiar with the matter. Carl Icahn stated that the Company is the seventh-worst performer in the S&P 500 index this year and on November 8, 2019, in a letter he explained his decision to launch a proxy fight, said the merger made ‘no sense’ to anyone other than Hollub and certain members of the board, who he said ‘grossly overpaid’ for Anadarko to avoid becoming a takeover target themselves. Icahn stated that he has argued, the Company should launch a strategic review, including a potential sale of the combined company, once the Anadarko deal was completed.