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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Icahn Tops Dish (DISH) Offer for Blockbuster (BLOAQ) with $310.6M Bid
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Blockbuster (BLOAQ) Auction Resumes as Icahn Bids $304.6M
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Let's Get It On! Blockbuster for Sale, Bidding is Strong (BLOAQ)
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Icahn, Dish (DISH) Place Bids for Bankrupt Blockbuster
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Icahn Wants Mentor Graphics (MENT) to Disclose Terms of Convertible Notes Offering
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Casablanca Capital Castigates Mentor Graphics (MENT) Board; Sides with Icahn
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Mentor Graphics (MENT) Rejects Carl Icahn's Offer; to Proceed with Convertible Debt Offering
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Hirsch's Seneca Capital Seeks Discussions with Dynegy (DYN) Management
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Carl Icahn is Having a Rough Week... (MENT, LGF)
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Lions Gate (LGF) Shares Spike Higher as Icahn Suit Dismissed
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Icahn Offers Loan to Mentor (MENT) to Stem Dilutive Debt Offering
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Icahn Sends Letter to Mentor Graphics (MENT) Board Following $17/Share Rejection; $253M Debt Offering
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Canaccord Genuity Morning Coffee on Mentor Graphics (MENT): Icahn’t Be Your...
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Icahn Gives Seal of Approval to Biogen (BIIB); Skips Director Nomination
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Pre-Open Movers 3/28: (RURL) (EK) (ALU) Higher; (FUQI) (CISG) (IL) Lower
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Mentor Graphics (MENT) Affirms Committment to Strategic Plan; Says Icahn's $17/Share Bid Undervalues Co.
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SK Telecom Emerges as Bidder in Auction for Blockbuster
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Parts of Lions Gate's (LGF) Suit Against Carl Icahn Dismissed
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Goldman Sachs Raises Price Target On Federal-Mogul (FDML) On M&A Probability
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Icahn Exercises Call Options for 11.5M Shares of Clorox (CLX) at $41/Share
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Miller Tabak Reiterates a 'Neutral' on Lions Gate (LGF); Revising Estimates
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Canaccord Genuity Morning Coffee on Lawson Software (LWSN): What Do You Get When You Mix Geeks With Gavels?
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Icahn Supportive of Lawson Software (LWSN) Sale
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Canaccord Genuity Morning Coffee on Coinstar (CSTR): Been Around the Block
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Barclays Maintains an 'Equalweight' on Dynegy (DYN); It's Not Over Yet
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Icahn Allowed to Own Up To 19.9% of Dynegy (DYN)
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Dynegy (DYN) Shares Drop on Potential Chapter 11 Bankruptcy
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Uh-Oh... Aubrey McClendon Is Buying Chesapeake Energy (CHK) Stock Again
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Lawson Software (LWSN) Explores a Possible Sale, Shares Surge
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After a Good Run, Icahn to Return $1.8B Back to Investors
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Icahn Enterprises (IEP) Swings to Q4 Profit; Declares $0.25 Quarterly Dividend; 2.5% Yield
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Icahn Evaluating Sale of Majority Stake in Federal-Mogul (FDML) - Reuters
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Federal-Mogul (FDML) Jump Related To Reports Icahn Considering Stake Sale
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Top 10 News Items 2/22-2/25: Crude Cracks the $100/Barrel Level; Latest Q4 GDP Reading Worse-Than-Expected at 2.8%; HP Tumbles on Earnings, Outlook
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Needham & Company Maintains a 'Buy' on Mentor Graphics (MENT); Strong 4QF11 Results and Guidance Support Stock Price Without M&A Speculation
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Canaccord Genuity Morning Coffee on Mentor Graphics (MENT): Icahn Be Your Mentor
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Mentor Graphics (MENT) Confirms Receipt of Icahn Offer
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Morning Movers 02/22: (FONR) (TTHI) (SIGA) (ZRAN) Higher; (DCTH) (DAKT) (AMOT) Lower
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Pre-Open Movers 2/22: (ZRAN) (MENT) (CHK) (HD) Higher; (DCTH) (CLDA) (WMT) Lower
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Mentor Graphics (MENT) Shares Surging as Icahn Offers $17/Share in Cash
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Carl Icahn Offers Mentor Graphics (MENT) $17/Share in Cash
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Dynegy (DYN) CEO, CFO Resign; Terminates Icahn (IEP) Merger Agreement
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Icahn Holds Talks With Mentor Graphics (MENT) CEO, Believes Company Should Be Sold
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Weeden & Co Starts Clorox (CLX) at Hold; Fundamentals Matter, But You Can't Ignore The Icahn In The Room
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Doug Kass Buys Clorox (CLX) On Sell-Off
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Canaccord Genuity Morning Coffee on Clorox (CLX): Scrubbing Away Some of the Gains
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Barclays maintains an 'Equalweight' on Clorox (CLX); Thoughts on Carl Icahn Stake
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UPDATE - UBS Downgraded Clorox (CLX) to Neutral; No Conviction in Any Activist Angle
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UBS Downgrades Clorox (CLX) to Neutral
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Icahn Discloses 5.06% Passive Stake in Genzyme (GENZ)
