Carl Icahn
Carl Icahn is a billionaire financier, ranking #18 on the 2007 Forbes 400 list with an estimated net worth of $14.5 billion.
Icahn built a name for himself in the 1980s as a corporate raider. After keeping quite for years, Icahn made a major comeback as a 'activist investor'. An activist investor agitates companies for changes, including buyouts, share buybacks, and dividend increases.
Icahn has successfully pushed for changes at Time Warner (NYSE: TWX) and Temple-Inland (NYSE: TIN), among others. Icahn won board seats at Motorola (NYSE: MOT) after first failing.
In 2007, Icahn's activism successfully pushed biotech company MedImmune into a sales agreement with AstraZeneca (NYSE: AZN). Icahn is also involved with biotech company Imclone Systems (Nasdaq: IMCL), where he is Chairman of the Board.
In early, 2008 Icahn activist target BEA Systems (Nasdaq: BEAS) was sold to Oracle (Nasdaq: ORCL). Icahn held a 13% stake in BEA.
Icahn is also involved with developments at Biogen Idec (Nasdaq: BIIB) and WCI Communities (NYSE: WCI), which both unsuccessfully explored sales. WCI rejected a $22 per share takeover offer from Icahn in early 2007, only to see its stock plummet on the housing slowdown.
In 2008, Icahn targeted Yahoo! (Nasdaq: YHOO) after the Internet company failed to work out an acceptable merger agreement with Microsoft (Nasdaq: MSFT) Microsoft walked away from its bid for Yahoo! after months of bickering.
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Form 8-K ICAHN ENTERPRISES L.P. For: Oct 27
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American Railcar Industries, Inc. Reports Largest Backlog Since June 2008 and Increased Railcar Shipments
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Barclays Maintains an 'Equalweight' on WebMD Health (WBMD); Icahn Takes Stake
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Oshkosh (OSK) Could Be Worth $36 In a Deal, But Navistar (NAV) May Not Be Able to Pull It Off
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Morning Movers 10/24: (ADLR) (HS) (MOBI) (RNOW) Higher; (SXCI) (NBG) Lower
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Pre-Open Movers 10/24: (HS) (RNOW) (CAT) Higher; (SXCI) (MTG) (LO) Lower (more...)
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Carl Icahn Shows New 7.94% Stake in WebMD Health Corp. (WBMD)
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Pre-Opens Movers 10/20: (RVBD) (NOK) (YHOO) Higher; (PLCM) (WDC) (EBAY) Lower (more...)
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After-Hours Movers 10/19: (NEOP) (RVBD) (SCSS) (CBST) Higher; (PLCM) (CRUS) (MKSI) (CLB) Lower
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Icahn to Nominate 3 Directors to Commercial Metals (CMC) Board, Wants Co. to Redeem Poison Pill
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Shares of Commercial Metals (CMC) higher after hours as Carl Icahn files 13D
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Worst to Come for RIM? Carrier Recourse Still TBD... (RIMM)
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Icahn Said Research In Motion (RIMM) "Not On Our Radar"
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Morning Movers 10/14: (SHZ) (LOCM) (NAV) (AVL) Higher; (DEPO) (NCMI) (AVII) (INSM) Lower
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Pre-Open Movers 10/14: (WLT) (GOOG) (NAV) Higher; (DEPO) (NCMI) (INSM) Lower (more...)
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Jefferies Maintains a 'Buy' on Navistar (NAV); Icahn Buys 10%
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After-Hours Movers 10/13: (GOOG) (NAV) Higher; (DEPO) (NCMI) (UBS) Lower
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Navistar International (NAV) Ramps After Carl Icahn Takes Nearly 10% Stake
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Icahn Shows 9.8% Stake in Navistar (NAV), Looking to Add Members to Board
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Lions Gate (LGF) Prices 19.2M Common Secondary Offering at $7/Share
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VirnetX (VHC) Jumps On Stake Rumors
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Icahn Buys 51.1K Shares of Federal-Mogul (FDML)
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Icahn Adds 102,246 to Federal-Mogul (FDML) Stake
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Research In Motion (RIMM) Moving to Highs on Icahn Chatter
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Research In Motion (RIMM) Sees Upside Action On Strange Rumor
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Pre-Open Movers 9/26: (MELA) (BRK/B) (NFLX) Higher; (EK) (FSL) (CLX) Lower (more...)
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Carl Icahn Withdraws Clorox (CLX) Director Slate, Doesn't See Enough Support
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Carl Icahn withdraws Clorox (CLX) Director slate - 13D
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Motricity (MOTR) Enters $20M Financing Facility; to Explore Strategic Alternatives
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Icahn's Denner said to consider leaving to start his own hedge fund -Bloomberg
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Carl Icahn Exercises Calls in Oshkosh Corp. (OSK); Stake Now at 9.5%
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Carl Icahn raises stake in Oshkosh (OSK) to 9.5%
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Pre-Open Movers 8/31: (ADES) (ZIP) (SINA) Higher; (BEAT) (LTXC) (JVA) Lower (more...)
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After-Hours Movers 08/30: (ADES) (VRA) (PVH) Higher; (BEAT) (FMD) (DRYS) (LGF) Lower
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Clorox (CLX) Board Comments on Carl Icahn's Press Release, Feels it Undervalues Company
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Lions Gate (LGF) Shares Tumble as Icahn to Sell 44M+ Shares
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Icahn agrees to sell Lions Gate (LGF) holdings, to dismiss suits
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Clorox (CLX) Shares Rise as Icahn Issues Statement Saying He Will Buy Co. at $78/Share If Auction Isn't Successful
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Icahn Makes Near-Perfect Short Bet on Last Week's Decline in S&P 500
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Top 10 News Items 8/15-8/19: HP Gets Slammed as Turnaround Hits a Major Snag; Eurobanks in Focus; Fears of 'Double-Dip Recession' Abound
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Clorox (CLX) Responds to Icahn Announcement; Committed to Delivering Value to Shareholders
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Clorox Company (CLX) Releases Statement Regarding Carol Icahns Proposal
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Icahn to Nominate 11 for Clorox's (CLX) Board of Directors
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Clorox (CLX) option volume and volatility elevated on wide price movement
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Clorox (CLX) Investors Taking Profits, Stock Down 2+% Over Last Half Hour
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Carl Icahn Shows New 7.57% Stake in El Paso Corp. (EP)
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Carl Icahn Liquidates Biogen Idec (BIIB), Chesapeake Energy (CHK); Targets Oshkosh (OSK), Forest Labs (FRX) and Commercial Metals (CMC)
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Carl Icahn Says Motorola Mobility (MMI) Acquisition Is "Activism at its Best"
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Icahn Enterprises (IEP) Declares $0.10 Quarterly Distribution
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Icahn Enterprises (IEP) Swings to Q2 Profit
