Complex sentence: Former Prime Minister Davíð Oddsson declared his candidacy on May 8, and Ólafur Ragnar withdrew from the race the following day, stating that there was now a supply of qualified candidates.
Split into simpler sentences: Former Prime Minister Davíð Oddsson declared his candidacy on May 8, and Ólafur Ragnar withdrew from the race the following day. Stating that there was now a supply of qualified candidates.