Forest Laboratories (FRX +2.4%) announces in an open letter to shareholders a $350M share...

|About: Forest Laboratories, Inc. (FRX)|By:, SA News Editor

Forest Laboratories (FRX +2.4%) announces in an open letter to shareholders a $350M share repurchasement program, as it tries to warm up investors to the firm's candidates for board positions in the face of an ongoing battle with 9%-stakeholder Carl Icahn over nominees.