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EBay Reiterates Icahn Opposition

wochit business
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March 25, 2014 AT 5:57 AM
EBay reiterated its opposition to activist investor Carl Icahn's effort to break up the e-commerce company, saying its board unanimously recommends shareholder vote against Icahn's board nominees and break-up proposal. Since taking a roughly 2% stake in eBay, Icahn has aggressively pushed for a spinoff of the company's payment service PayPal.