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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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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Canaccord Genuity Morning Coffee on Mentor Graphics (MENT): Icahn Be Your Mentor
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Dynegy (DYN) CEO, CFO Resign; Terminates Icahn (IEP) Merger Agreement
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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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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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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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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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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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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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Notable Mergers and Acquisitions of the Day 11/12: PNNW, ICAI, DYN
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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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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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Trading Radar for 11/05: Starbucks (SBUX), CBS Corp. (CBS), CVS (CVS), Toyota (TM), Thomson Reuters (TRI)
