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

|About: Commercial Metals Company (CMC)|By:, SA News Editor

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."