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.
View Older Stories
-
Carl Icahn Shows New Stakes In Energy Names and a Gun Maker (APC, NRG, SWHC)
-
Icahn Lowers Stakes In CIT, BBI, YHOO; Raises Stakes in TTWO, GENZ and MOT; New Stake in CHK
-
Carl Icahn Raises Stakes In Take-Two (TTWO) and Genzyme (GENZ), Slashes Stake in Yahoo! (YHOO)
-
Icahn Says Goodbye To Yahoo!'s (YHOO) Board
-
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
-
Icahn Lowers Stake In Yahoo! (YHOO), Says Sale Does Not Reflect Long-Term Views
-
Icahn's 13Fs Show No Major Changes (YHOO, MOT, BIIB, AMLN, LGF)
-
Icahn Boosts Stake in American Railcar (ARII), Maintains Large Yahoo! (YHOO) and Motorola (MOT) Holdings
-
Icahn Sees "Once In A Generation" Distressed Debt Buying Opportunity
-
Icahn Raises Stakes In AMLN, LGF, WMB, YHOO; Cuts Stakes in TIN, LEA
-
Icahn Won't Take Yahoo!/Microsoft Deal Off the Table
-
Icahn Not Interested In Partial Bid for Yahoo! (YHOO)
-
Analyst Sees Two More Steps Before A Microsoft/Yahoo Search Deal (MSFT, YHOO)
-
Reports New Microsoft/Yahoo Talks Are "Total Fiction"
-
Carl Icahn Boosts His Stake In Yahoo! (YHOO) By Nearly 7M Shares
-
Yahoo! (YHOO) Sees Interest On Rumor Microsoft Could Come Back To The Table
-
Yahoo!'s (YHOO) New Board Authorizes Fresh Talks With AOL
-
Icahn's Icahn Capital Bumps Stake in Motorola (MOT), Shows New Small Stake in Emisphere (EMIS)
-
Top 10 News Items for the Week of July 21-25: American Express (AXP), Bank of America (BAC), Costco (COST), More...
-
Details of Yahoo (YHOO) And Carl Icahn Agreement; Must Maintain Ownership of 30M Shares
-
Pre-Open Movers 7/21: Genentech (DNA) Higher on Bid for Roche; BofA (BAC) Up on Results
-
Yahoo! (YHOO) Down 2% Following Icahn Settlement News
-
Yahoo! (YHOO) And Carl Icahn Announces Settlement; Icahn Appointed, Two Others Nominated
-
Yahoo (YHOO) announces settlement with Carl Icahn
-
Legg Mason (LM) Supports Yahoo! (YHOO) Directors
-
Microsoft (MSFT) Comments on Discussions Involving Yahoo (YHOO) and Carl Icahn
-
Details of Offer Made By Microsoft (MSFT) To Yahoo (YHOO) On Friday
-
Notable Mergers and Acquisitions of the Day 7/14 (BUD, YHOO/MSFT, WMI/RSG)
-
Pre-Open Movers 7/14: Fannie (FNM), Freddie (FRE) Up On U.S. Back-Stop Plan; Republic Services (RSG) Up on Waste Management Offer
-
Yahoo! (YHOO) Rejects Latest Proposal from Microsoft/Icahn
-
Yahoo! (YHOO) Statement in Response to Carl Icahn's Latest Open Letter
-
Yahoo! (YHOO) Jumps 9% After Microsoft Said It Would Be Open To Talks With a New Board
-
Notable Mergers and Acquisitions of the Day 7/7 (YHOO/MSFT, MER/BLK, GE, KWK)
-
Microsoft (MSFT) Issues Statement Regarding The Carl Icahn Letter
-
Icahn Issues Open Letter to Yahoo! (YHOO); Talked With Balmer Who Would Be Interested In Talks With a New Board
-
Icahn Boosts Stake in Yahoo! (YHOO) to 4.98%
-
Carl Icahn & Friends Whiff On Yahoo (YHOO)
-
Yahoo! (YHOO) Files Its Definitive Proxy Statement
-
Icahn Sends New Letter to Yahoo! (YHOO), Asks "Why did you permit Google to leave you in the dust."
-
Piper Jaffray Upgrades Yahoo! (YHOO) to Buy
-
Yahoo! (YHOO) Statement on Carl Icahn's Letter of June 6, 2008
-
Icahn To Yahoo! (YHOO): Stop Dancing Around The Subject And Offer To Be Sold To Microsoft for $34.375/Sh
-
Icahn says Yahoo! (YHOO) should seek a Microsoft (MSFT) offer of $34.375/share - Bloomberg
-
Icahn Steps Up Pressure with Open Letter to Yahoo! (YHOO) Board Addressing 'Severance Plan'
-
Icahn Does Not Have Enough Votes to Take Over Yahoo! (YHOO) Board -Fox Business
-
Yahoo! (YHOO) Delays Annual Meeting
-
T. Boone Pickens Holds Yahoo (YHOO) Shares
-
Yahoo! (YHOO) Responds To Icahn On Board Nominees, Says Not In Shareholders Best Interest
-
Paulson & Co Shows 50M Share Stake In Yahoo! (YHOO)
-
Notable Mergers and Acquisitions of the Day 5/15 (YHOO, CBS/CNET, GE)
