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 Said to Support MGM Restructuring
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Icahn Extends $7.50/Sh Lions Gate (LGF) Tender Offer Until 11/12
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Carl Icahn Launches Tender Offer for Metro-Goldwyn-Mayer Inc. Debt
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Icahn Extends $7.50/Share Tender Offer for Lions Gate (LGF)
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Huh? Seagate (STX) for $25? - Barron's
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Blackstone (BX) Could Raise Bid for Dynegy (DYN) if Necessary - Pritchard
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Dynegy (DYN) Shares Higher as Icahn Shows 9.95% Stake, Says Blackstone Offer Inadequate
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Icahn Accumulates Another 528K Lawson Software (LWSN) Shares
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Motorola (MOT) volatility flat; Icahn increases stake
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Icahn Buys Another 3.3 Million Motorola (MOT) Shares
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Notable 52-Week High's and Low's of the Day 08/31: LGF, SPRD, ARMH High; INTC, RIMM, WINN, CSCO Low
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Unusual 11 Mid-Day Movers 08/31: SKH, SKS, CPY, ICAD, ENER, LGF Higher; ISLE, WINN, HTCH, MCCC, STRA Lower
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Icahn Ups Ante For Lions Gate (LGF)
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Lionsgate (LGF) To Review Increased $7.50/Share Tender Offer from Icahn
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Morning Movers 8/31: SKS, LGF, ENER, ALIM, MEOH Higher; MCCC, ISLE, MON, RAX Lower
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Notable Mergers and Acquisitions of the Day 08/31: DE/EXC, LGF, MMM
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Icahn Raises Bid for Lions Gate (LGF) to $7.50/Share
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Lions Gate (LGF) Jumps on Increased Icahn Offer
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Icahn raises tender offer for Lions Gate Entertainment Corp. (LGF) to $7.50/share
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Icahn Buys Another 11.5 Million Motorola (MOT) Shares
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Top 10 News Items: M&A Market Heats Up with Intel/McAfee, BHP/Potash Deals, GM Files for IPO
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Wall Street Hubbub 8/16: 13F Season, 3Par/Dell Deal Sparks Chatter, What About Genzyme?
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Notable 52-Week High's and Low's of the Day 08/16: NFLX, WCRX, INFA High; COCO, ESI, KSS, SWHC Low
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Carl Icahn Shows New Stakes In Energy Names and a Gun Maker (APC, NRG, SWHC)
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Carl Icahn Shows New 2.4M Share Stake In NRG Energy (NRG) - 13F
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Carl Icahn Shows New 2.4M Share Stake In Smith & Wesson (SWHC) - 13F
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Carl Icahn Raises Stake In Chesapeake Energy (CHK) By Over 10M Shares - 13F
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Icahn Shows 2M Share Stake In Anadarko (APC) - 13F
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Carl Icahn Extends Tender Offer for All Lions Gate Ent. (LGF) Common
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Wall Street Hubbub 8/9: Goldman Shows Losing Trading Days In Q2; Jodie Fisher Soft-Porn Queen?, Apple To Unveil iPad Updates, Icahn Gets In Energy Stocks
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Icahn Buys 10M Motorola (MOT) Shares In Past Two Days, Boosting Stake to 9.99%
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Lionsgate (LGF) Board Rejects Icahn $6.50/Share Bid
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Icahn Responds to Recent Lions Gate (LGF) Transaction Activity; Files Lawsuit
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Wall Street Hubbub 7/21: Traders Nervous Ahead NFLX/BIDU Results, Dimon & Blankfein Not Welcome at FinReg Signing, Bernanke Set to Testify, BIIB/LLL/DTG In the Rumor Mill
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Unusual 11 Mid-Day Movers 07/20: TSTR, HOG, SSN, MNKD, TXI, LGF Higher; APPY, MUSA, PIP, TUP, LAB Lower
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Notable Mergers and Acquisitions of the Day 07/20: CXO, LGF, GFF
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Lionsgate (LGF) To Review Icahn Unsolicited $6.50/Share Tender Offer
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Icahn Commences $6.50/Share Tender Offer for Lions Gate (LGF)
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Universal Stainless & Alloy (USAP) Names Douglas McSorley as V.P. of Finance, CFO, and Treasurer
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Lions Gate (LGF) and Icahn Reach Temporary Agreement; Possible M&A Deals in the Works
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Hain Celestial (HAIN) and Carl Icahn Reach Agreement; Brett Icahn and David Schechter Appointed to Board
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Icahn Raises Lions Gate (LGF) Stake to 44.8M Shares, Now Owns 37.9% of the Company
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Lionsgate (LGF) Announces Only 2.1% of Shares Tendered During Subsequent Offer Period by Icahn
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Icahn Owns 33.9% of Lions Gate (LGF) Upon Expiration of Tender Offer
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Biogen (BIIB) to Name George Scangos as New CEO -Reuters
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Carl Icahn Offers Plea to Lions Gate (LGF) Shareholders; Says He Has a Better Plan Than Mgmt
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Icahn Issues Letter to Lions Gate (LGF) Shareholders; Thinks Share Price Climb is Due to Artificial Stimuli
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Motricity (MOTR) IPO Trades Lower
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Motricity (MOTR) Prices 6M IPO at $10/Share
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Notable Mergers and Acquisitions of the Day 06/17: WWWW, EPB/EP, LGF
