Icahn Wants WCI Delay

Billionaire investor Carl Icahn is still agitating for change at homebuilder and real estate services firm WCI Communities (WCI Quote) after a failed takeover bid.

The activist investor has requested that the WCI board postpone its annual meeting, scheduled to be held June 15, because he believes the election of directors might jeopardize an ongoing auction of the company.

"From our perspective, this sale process is just another camouflage to entrench yourselves for another year," Icahn writes in a letter to the WCI board. "Your response that you are not now prepared to delay the annual meeting strongly validates this view," he continues. ...