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 Provides CIT Commitment Letter for $4.5B Term Loan; Requests Acceptance by 6pm This Evening
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Icahn Says CIT Bondholder's Treatment is 'An Example of What's Wrong with the Bankruptcy System'
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Icahn Says Goodbye To Yahoo!'s (YHOO) Board
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Top 10 News Items 10/19-10/23: Apple Continues It's Dominance; Wells Fargo, Morgan Stanley Beat the Street; Microsoft Surges 5% on Upside Surprise
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Icahn Sends Open Letter to CIT Bondholders; Says a Bankruptcy Would Not Be 'Calamitous'
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CIT Group (CIT) Strikes Tentative Deal with Goldman (GS) on Debt
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CIT Group (CIT) Acknowledges Icahn Letter, Intends to Contact Him For More Info
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Carl Icahn Calls CIT's (CIT) Prepackaged Bankruptcy Proposal "Ludicrous" - Reuters
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Icahn Chastises CIT (CIT) Board, Offers To Underwrite $6 Billion Loan
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Morning Movers 10/19: FIGI, IPCS, BEST, ALLI, CIT Higher; JACO, FNM, IDCC, FRE, PETS Lower
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Icahn Offers to Underwrite $6B Loan for CIT; Sees 'No Reason' Board Should Continue to Be in Control
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Carl Icahn offering loan to CIT Group, Inc. (CIT)
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StreetInsider.com Best of the Web 10/9
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Icahn Lowers Stake In Yahoo! (YHOO), Says Sale Does Not Reflect Long-Term Views
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Icahn's 13Fs Show No Major Changes (YHOO, MOT, BIIB, AMLN, LGF)
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Carl Icahn Continues To Load Up On Lions Gate Entertainment (LGF)
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Icahn Pounding the Table on Lions Gate (LGF), Buys Another 500K Shares
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After-Hours Movers 6/17: LVLT, LGF, SIRI, AZO Higher; IMGN, SOA, HPT, CLC Lower
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Carl Icahn Bought Over 1M More Lions Gate (LGF) Shares Today
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Carl Icahn Continues To Buy Lions Gate Entertainment (LGF)
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Sanofi-Aventis (SNY) On the Prowl For A Mega-Deal In the U.S.?
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Bankruptcy Judge Approves Sale of Tropicana Casino To Icahn Group
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Icahn Says Future Is Big Pharma Will Buy Biotech (BIIB, AMLN)
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Icahn's Group Reportedly To Get 2 of The 4 Biogen Idec (BIIB) Board Seats
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Icahn To File Lawsuit To Stop Biogen Idec (BIIB) Vote
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Biogen Idec (BIIB) Shareholder Meeting In Recess, Icahn Wants Vote Closed
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Amylin (AMLN) Reports Preliminary Tabulation of Annual Meeting Results
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RiskMetrics Supports Two From Icahn Slate For Biogen Idec (BIIB) Board
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Amylin (AMLN) Said No More Than Two Dissident Directors Elected
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Amylin (AMLN) Has Lost At Least 2 Board Seats in Battle with Icahn -CNBC
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Biogen (BIIB) Advisors Recommend Not Voting for Icahn's Slate of Directors
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Amylin (AMLN) Issues Response to Eastbourne Letter
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Icahn Urges Amylin (AMLN) Shareholders to Vote for Eastbourne Slate; 3 Independent Proxy Advisors Support Icahn's Nominees
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Icahn Boosts Stake in American Railcar (ARII), Maintains Large Yahoo! (YHOO) and Motorola (MOT) Holdings
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Icahn Capital: Sells - APC, TIN, WMB; Buys - LGF, TTWO, AMLN
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Carl Icahn raises stake in American Railcar Industries (Nasdaq: ARII), Lions Gate (NYSE: LGF) - 13F
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Icahn Fires Back Following Amylin's (AMLN) Letter
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Icahn Sees "Once In A Generation" Distressed Debt Buying Opportunity
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Carl Icahn Suggests Biogen (BIIB) Should Consider Splitting in Two -DJ
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Founding CEO of Amylin (AMLN), Greene, to Vote for Eastbourne Slate
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Amylin (AMLN) Sends Letter to Shareholders
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Amylin (AMLN) Agrees With Carl Icahn Affiliates, Eastbourne on Talks -Bloomberg
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Carl Icahn is asking Amylin (AMLN) to allow discussions with Eastbourne
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Kerkorian May Sell MGM's (MGM) The Mirage Casino To Fend Off Icahn
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Icahn Sends Letter to Amylin's (AMLN) Cook, Wilson: Wouldn't Sell Co. for Less Than $30/Share
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Icahn Wouldn't Recommend Selling Amylin (AMLN) for Less Than $30/Sh - Dow Jones
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Icahn Said Amylin (AMLN) Misstated and Mischaracterized Conversations, Plans Letter
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Icahn to Respond to Letter from Amylin (AMLN) -DJ
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Top 10 News Items 4/13-4/17: Financials Issuing Better-Than-Expected Results; Google, Intel Report; GE Beats the Street
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Icahn's Plan for MGM's (MGM) Restructuring Would Involve Kerkorian -Reuters
