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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Collins Stewart Raises Price Target on Forest Laboratories (FRX) Following Carl Icahn's 13D Filing
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Forest Labs (FRX) Shares Rising as Icahn Discloses Purchase of Calls, May Continue to Seek Talks with Mgmt; Shows 6.95% Stake
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Notable 52-Week Highs and Lows of the Day 06/13: (ORS) (INSM) (FRX) High; (NOK) (RIMM) (BZH) Low
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Carl Icahn Seeks Four for Forest Laboratories (FRX) Board
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Icahn's Icahn Capital Shows New Stake in Amgen (AMGN), Clorox (CLX) and Southern Union (NYSE: SUG); Raises Dynegy (DYN), Lowers Chesapeake (CHK)
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Top 10 News Items 2/22-2/25: Crude Cracks the $100/Barrel Level; Latest Q4 GDP Reading Worse-Than-Expected at 2.8%; HP Tumbles on Earnings, Outlook
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Morning Movers 02/22: (FONR) (TTHI) (SIGA) (ZRAN) Higher; (DCTH) (DAKT) (AMOT) Lower
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Pre-Open Movers 2/22: (ZRAN) (MENT) (CHK) (HD) Higher; (DCTH) (CLDA) (WMT) Lower
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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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Carl Icahn Raises Stakes In Take-Two (TTWO) and Genzyme (GENZ), Slashes Stake in Yahoo! (YHOO)
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Forest Labs (FRX) Developing Drugs, and Potential Profits, for Investors - Barron's
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Biotech Takeover Buzz Hot and Heavy After ImClone Offer (ONXX, OSIP, BIIB, AMLN, XPNT, CYPB, ISPH)
