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 No Longer Discusing Merger of Greenbrier (GBX) With American Railcar (ARII)
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Pre-Open Movers 6/11: Agrium (AGU) Higher on Raised Guidance; AMERIGROUP (AGP) Down After Suspending Guidance
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Reports Icahn Offered To Acquire Biogen Idec (BIIB) For As Much as $82/Share in Fall 2007
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Yahoo! (YHOO) Files Its Definitive Proxy Statement
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Icahn Sends New Letter to Yahoo! (YHOO), Asks "Why did you permit Google to leave you in the dust."
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Piper Jaffray Upgrades Yahoo! (YHOO) to Buy
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Yahoo! (YHOO) Statement on Carl Icahn's Letter of June 6, 2008
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Icahn To Yahoo! (YHOO): Stop Dancing Around The Subject And Offer To Be Sold To Microsoft for $34.375/Sh
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Icahn says Yahoo! (YHOO) should seek a Microsoft (MSFT) offer of $34.375/share - Bloomberg
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Icahn Steps Up Pressure with Open Letter to Yahoo! (YHOO) Board Addressing 'Severance Plan'
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Yahoo! (YHOO) Issues Statement Responding to Icahn
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Judge Rules Biogen (BIIB) Must Give Icahn Access to Sales Records -Bloomberg
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Icahn Does Not Have Enough Votes to Take Over Yahoo! (YHOO) Board -Fox Business
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Could Icahn's Next Target Be Boyd Gaming (BYD)?
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Carl Icahn Boosts Stake in Amylin Pharma (AMLN) to 6.5%, Seeks Additional Talks
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Yahoo! (YHOO) Delays Annual Meeting
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Carl Icahn files 13D on Amylin (AMLN), boosts stake to 6.5%. Seeks talks
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Enzon (ENZN) Holder DellaCamera Capital Wants Banker Hired To Explore Sale of Commercial Operations
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Eastman Kodak (EK) Sees Interest On Icahn Rumor
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T. Boone Pickens Holds Yahoo (YHOO) Shares
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J.C. Penney (JCP) Declares Quarterly Dividend, But Shares Still Tumble on Downgrade and Icahn Stake Reduction
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Pre-Open Movers 5/16: Pharmacopeia (PCOP) Up on Positive Drug Data, Dynavax (DVAX) Lower on Drug Data
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Yahoo! (YHOO) Responds To Icahn On Board Nominees, Says Not In Shareholders Best Interest
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After-Hours Movers 5/15: Noah Education (NED) Up on Results/Guidance; KongZhong (KONG) Lower on Results
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Icahn's Icahn Capital Lowers Stake in J. C. Penney (JCP) Buy Over 4M Shares
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Icahn's Icahn Capital Sells Entire Stake in Unum Group (UNM)
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Icahn's Icahn Capital Lowers Stake in Williams Cos (WMB) By Approx 1M Shares
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Icahn's Icahn Capital Sells Entire Stake in Compton Petroleum (CMZ)
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Icahn's Icahn Capital Sells Entire Stake in CSX (CSX)
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Icahn's Icahn Capital Boosts Stake in Biogen (BIIB) to Nearly 10M Shares
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Icahn's Icahn Capital Shows New 6.3M Share Stake in Amylin Pharma (AMLN)
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Paulson & Co Shows 50M Share Stake In Yahoo! (YHOO)
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Notable Mergers and Acquisitions of the Day 5/15 (YHOO, CBS/CNET, GE)
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Icahn Delivers Letter to Yahoo! With Names Of Ten Board Nominees
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Icahn sends open letter to Yahoo!'s (YHOO) board; Urges Yahoo to negotiate merger with Microsoft - Bloomberg
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Reports Icahn Plans To Move Ahead with Yahoo! (YHOO) Proxy Fight
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Carl Icahn Is Moving Ahead With A Yahoo (YHOO) Proxy Battle
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Icahn Could Nominate Slate of Yahoo! (YHOO) Board Members, But Investors May Not Find Out Immediately -Piper Jaffray
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Icahn Purchased 50M Yahoo! (YHOO) Shares and May Launch Proxy Contest - WSJ
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Icahn Could Be Mulling a Yahoo! (YHOO) Proxy Fight -CNBC
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Circuit City (CC) To Explore Strategic Alternatives; Lets Blockbuster Conduct Due Diligence
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Circuit City (CC) board authorizes exploration of options
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Icahn Accumulates Another 27 Million Motorola (MOT) Shares, Brings "Friendly" Stake to 7.6%
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Outlook 2008: Blockbuster is the Latest Blue Chip to Lead a Resurgence in M&A Deals
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CSX Corp (CSX) Set To Report Another Strong Quarter
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Icahn to Finance Blockbuster's (BBI) Bid for Circuit City (CC) -WSJ
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Motorola (MOT) and Carl Icahn Reach Agreement
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Motorola (MOT) To Split, Investors Yawn
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Motorola (MOT) To Create Two Independent, Publicly-Traded Companies
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Carl Icahn and Affiliates Files Lawsuit Against Motorola (MOT)
