Forest Laboratories Sends Open Letter to Shareholders

Forest Laboratories, Inc. FRX today sent the following open letter to all Forest shareholders in connection with the Company's Annual Meeting on August 18, 2011. "As you know, our Annual Meeting will be held this Thursday, August 18, 2011 at 10:00 am EDT. This year's meeting marks a critical juncture for the Company's future. We believe you can enhance the value of your investment in Forest by supporting our slate of ten talented, experienced and extremely well qualified Board nominees. Each of the nominees is committed to building value for all our shareholders..." "...We believe Icahn has offered no good reasons to elect his hand-picked nominees, who lack operational experience, have in our view significant conflicts of interest and have shown themselves as not understanding Forest's business."