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 agrees to sell Lions Gate (LGF) holdings, to dismiss suits
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Carl Icahn Liquidates Biogen Idec (BIIB), Chesapeake Energy (CHK); Targets Oshkosh (OSK), Forest Labs (FRX) and Commercial Metals (CMC)
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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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Carl Icahn is Having a Rough Week... (MENT, LGF)
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Lions Gate (LGF) Shares Spike Higher as Icahn Suit Dismissed
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Parts of Lions Gate's (LGF) Suit Against Carl Icahn Dismissed
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Miller Tabak Reiterates a 'Neutral' on Lions Gate (LGF); Revising Estimates
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Icahn Issues Statement Following Lionsgate (LGF) Director Election; Not Deterred in Quest to Save Lionsgate
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Lionsgate (LGF) Comments on Denial of Primary Injunction by Icahn
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Lionsgate (LGF) Mails Letter to Shareholders
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Icahn Extends Tender Offer for Lions Gate (LGF), Two Major Conditions Waived
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Lionsgate (LGF) Urges Shareholders to Vote for Lionsgate Director Nominees, Sends Letter
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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 Extends $7.50/Share Tender Offer for Lions Gate (LGF)
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Icahn Extends $7.50/Sh Lions Gate (LGF) Tender Offer Until 11/12
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Icahn Extends $7.50/Share Tender Offer for Lions Gate (LGF)
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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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Carl Icahn Shows New Stakes In Energy Names and a Gun Maker (APC, NRG, SWHC)
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Carl Icahn Extends Tender Offer for All Lions Gate Ent. (LGF) Common
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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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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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Lions Gate (LGF) and Icahn Reach Temporary Agreement; Possible M&A Deals in the Works
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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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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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Notable Mergers and Acquisitions of the Day 06/17: WWWW, EPB/EP, LGF
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Lionsgate (LGF) Responds to Icahn's Tender Offer Results; '68% Have Rejected Icahn Group's Offer'
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Carl Icahn Announces Results of Lions Gate Ent. (LGF) Tender Offer; 15.59M at $7.00/Share
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Carl Icahn Issues Response to Recent Lionsgate (LGF) Comments
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Lionsgate (LGF) Issues Letter to Shareholders Highlighting Icahn's History and Purposes
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Lionsgate (LGF) Issues Letter to Shareholders
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Lionsgate (LGF) Urges Shareholders to Reject Icahn Tender Offer
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Carl C. Icahn Sends Letter to Lions Gate Board (LGF); Is 'Truly Mystified' by Lions Gate Actions
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Soleil Securities Downgrades Lions Gate Entertainment (LGF) to Hold; Near-term Upside Matches Downside
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Mark Cuban Signals To Icahn He Can Have His Lions Gate (LGF) Shares at $7
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Carl Icahn Gets $7.00/Share Tender Offer for Lions Gate (LGF) Approval from Minister of Canadian Heritage
