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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13G Shows Carl Icahn Owns 15.7% Stake in Motricity (MOTR)
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Icahn To Nominate Individuals to Mentor Graphics' (MENT) Board
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Clorox (CLX) options active as shares rally 8% on Icahn reporting a 9.08% stake
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Clorox (CLX) Shares Rally 6% as Carl Icahn Takes Out New 9.08% Stake
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Carl Icahn Takes Out 9.08% Stake in Clorox (CLX)
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Notable Mergers and Acquisitions of the Day 02/11: DYN/IEP
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Dynegy (DYN) Committee Urges Merger with Icahn (IEP); Sends Letter to Stockholders
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Dynegy (DYN) Receives Approval from FERC for Icahn Enterprises (IEP) Acquisition
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Mentor Graphics (MENT) Sees Wild End of Day Trading
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Billionaire Icahn Goes For Mentor Graphics' (MENT) Jugular
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Mentor Graphics (MENT) volatility flat; shares near 30-month high
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Mentor Graphics (MENT) Higher As Icahn Says Company Should Be Sold
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RadioShack (RSH) Higher On Suspicious Rumor
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Icahn (IEP) Unit Extends Expiration for Dynegy (DYN) to Further Satisfy FERC Conditions
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Dynegy (DYN) Rejects Seneca Capital’s Request for Stockholder Protection Rights Plan Waive
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Icahn Boosts Stake in Lawson Software (LWSN) to 10.8%
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Morningstar and Footnoted.org Name 19 Possible Takeover Targets
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Carl Icahn Shows 11.4% Stake In Motorola Mobility (MMI)
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Icahn Boosts Stake in Lawson (LWSN) to 17,666,632
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Icahn Adds More to Hain Celestial Stake
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Dynegy (DYN) recommends holders tender shares to Icahn offer
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Carl Icahn Increases His Energy Bet; More Than Doubles Stake In Chesapeake Energy (CHK)
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Chesapeake (CHK) volatility low as shares trend higher on Icahn increasing position
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Top 10 News Items 12/13-12/17: $858B Tax-Cut Bill Signed; Best Buy Tanks on Concerning Q3 Results; Visa, MasterCard Tumble As Durbin Strikes Back
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Icahn Boosts Stake in Chesapeake Energy (CHK) from 2.55% to 5.8%
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UBS Maintains a 'Neutral' on Dynegy (DYN); Icahn Announces Offer
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Notable 52-Week Highs and Lows of the Day 12/15: JOYG, CAT, EXEL, AKRX High; CLWR, NRG Low
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Notable Mergers and Acquisitions of the Day 12/15: NVS/ACL, DYN/IEP, CYPB
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Icahn Enterprises (IEP) to Buy Dynegy (DYN) for $5.50/Share in Cash
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Dynegy (DYN) to be bought by Icahn Enterprises (IEP) for $5.50/share
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Icahn Issues Statement Following Lionsgate (LGF) Director Election; Not Deterred in Quest to Save Lionsgate
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Lionsgate (LGF) Comments on Denial of Primary Injunction by Icahn
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Lionsgate (LGF) Mails Letter to Shareholders
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Icahn Buys Another 2.45M Motorola (MOT) Shares
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Icahn Extends Tender Offer for Lions Gate (LGF), Two Major Conditions Waived
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Lionsgate (LGF) Urges Shareholders to Vote for Lionsgate Director Nominees, Sends Letter
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Top 10 News Items 11/15-11/19: The General (GM) Is Back!, China Raises Reserve Requirement for 5th Time This Year, 'Merger Monday' - Literally!
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Icahn Still Opposed to Blackstone (BX) Acquisition of Dynegy (DYN) Despite Offer Increase
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Icahn Hangs on to Pharmas, Makes Housing Play, Increases Lions Gate Holding in Recent 13F (MOT, MAS, HAIN, More...)
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Canaccord Genuity Morning Coffee on Dynegy (DYN): Icahn Never Bluffs
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Dynegy (DYN) Responds to Icahn Filing, Recommends Blackstone Transaction
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Icahn Enterprises (IEP) Closes $500M Senior Notes Offering
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Notable Mergers and Acquisitions of the Day 11/12: PNNW, ICAI, DYN
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Carl Icahn Extends $7.50/Share Tender Offer for Lions Gate (LGF)
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Icahn Increases Stake in Dynegy (DYN) to 12.9%; To Vote 'No' in Proposed Merger with Blackstone, Offers $2B Line of Credit
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Icahn Raises Stake in Enzon Pharmaceuticals (ENZN) to 7.22%
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Icahn Enterprises (IEP) Reports Stronger Q3 Results
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Icahn Enterprises (IEP) Declares $0.25 Quarterly Distribution; 2.8% Yield
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Icahn Boosts Stake in Motorola to 11.30%
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CORRECTION: Icahn MGM News Not Related to MGM Resorts (NYSE: MGM)
