NEW YORK--(BUSINESS WIRE)--The Board of Directors of ImClone Systems Incorporated (NASDAQ: IMCL) determined today that Carl Icahn’s proposals seeking to remove six of the Company’s directors without cause and elect a person selected by Mr. Icahn to the Board—for which he is soliciting stockholder consents—are not in the best interests of the Company’s stockholders and to recommend that the Company’s stockholders not grant their consent to Mr. Icahn’s proposals. The Board urges stockholders not to sign any white consent card sent to them by Mr. Icahn.
