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Carl Icahn issues an open letter to Commercial Metals' (CMC -0.2%) board, in which he expresses...

  • Friday, December 2, 2011, 2:39 PM ET
    Carl Icahn issues an open letter to Commercial Metals' (CMC -0.2%) board, in which he expresses disappointment at the board's failure to respond to the $15/share buyout offer he made on Monday. Icahn calls the lack of a response "wholly consistent with the pattern of irresponsibility demonstrated by the Company over the years."
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