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’Yahoo responds to Icahn: You just don’t get it, now go away
Via BusinessWire.
Dear Mr. Icahn:
We are in receipt of your letter with regard to your intention to seek control of Yahoo!’s board of directors.
Unfortunately, your letter reflects a significant misunderstanding of the facts about the Microsoft proposal and the diligence with which our board evaluated and responded to that proposal.
Whatever happened to Carl Icahn’s blog?
We know he’s busy. But the activist investor’s broadside against Yahoo, in a letter on Thursday, sent us scurrying to the well-trailed site to find a) the letter b) some other insight into Mr Icahn’s thinking.
Yahoo investors’ hopes rise over Icahn
Yahoo’s shares jumped to their highest level since Microsoft abandoned its takeover offer as expectations rose Wednesday that the internet company was about to come under renewed pressure to consider a deal.
Icahn ‘supports Blockbuster bid’ for Circuit City
Blockbuster, the video rental chain, said Monday it had the support of Carl Icahn, one of its largest shareholders, for its offer to buy Circuit City, the troubled US electronics retailer. Jim Keyes, chief executive of Blockbuster,
Shadow of Icahn over Motorola spin-off plans
Motorola is to separate its struggling mobile handset business from its other operations, in a move to create two separate publicly traded companies that comes after months of agitation from disgruntled investors led by corporate raider Carl Icahn,
Carl Icahn 2.0: Sign up now
Yep, it’s true. Carl Icahn, corporate titan, septuagenarian agitator, boardroom scourge, random billionaire…is starting a blog.
You can sign up via RSS or email here. We have.
He told Reuters:
This country is losing its economic hegemony…I want to see who is interested in this.
Motorola considers a break-up
Motorola on Thursday said it was considering spinning off its struggling mobile devices business, in a move that sent shares in the beleaguered handset maker up more than 10% in after-hours trading, reports the FT.
Icahn hints at new Motorola challenge
Carl Icahn, the US activist investor, has signalled the possible launch of a new campaign against Motorola if performance at the telecommunications equipment maker does not improve. Icahn told the FT that “there is value” in Motorola,
Cevian takes 3% in Munich Re
A Swedish activist investor, backed by Carl Icahn of the US, has taken a stake of nearly 3% in Munich Re, one of Germany’s most conservative companies, and will call for a series of “operational, strategic and financial” changes to boost its share price.
Celgene to buy cancer drug group for $3bn
Celgene, the US biotechnology group, on Sunday night agreed to pay $2.9bn in cash and stock for Pharmion, a developer of drugs to treat blood cancers, highlighting consolidation pressures in the biotechnology industry.
Oracle lets BEA bid lapse
Oracle let its unsolicited $17-a-share takeover proposal for BEA Systems expire as scheduled, and it invited BEA’s shareholders to confront the company if they were unhappy with the result, reports the WSJ.
Icahn hints at Motorola challenge
Carl Icahn, the US activist investor, has signalled the possible launch of a new campaign against Motorola if performance at the telecommunications equipment maker does not improve. In an interview with the FT,
Lear rejects Icahn’s $3bn offer
Carl Icahn, the veteran US activist investor, suffered a setback on Monday when his $3bn bid to buy Lear, the auto parts and interiors manufacturer, was voted down by the company’s shareholders. Mr Icahn has been pursuing Lear since October,
Icahn fails to win Motorola board seat
Investor Carl Icahn failed to win enough votes to obtain a seat on Motorola’s board, based on preliminary results from the company, the Wall Street Journal reports. The telecom company said it believes that stockholders have re-elected the company’s incumbent board of directors and didn’t elect Mr Icahn,
Motorola hits back at Icahn
Motorola hit back for the first time on Wednesday at Carl Icahn, the billionaire Wall Street investor who is seeking a seat on the struggling US mobile phone maker’s board by waging a proxy battle. Motorola,
Icahn in escalating row with Motorola board
The war of words between Carl Icahn and the board of Motorola intensified over the weekend as the billionaire investor in a letter to Motorola shareholders accused directors of incompetence, reports the Daily Telegraph.
More pots and kettles – tensions on the rise between PE, HFs
Private equity firms are blackballing or banning credit hedge funds from participating in the leveraged loans and high yield bonds that back their buyouts and recapitalisations, reports Financial News,
Hedge funds and private equity start finger pointing
First there was Carl Icahn courting controversy with his anti-private equity comments last Friday. Now, there’s Permira saying the growing influence of hedge funds could spoil acquisitions planned by private equity firms in Germany.
Pots, kettles, Carl Icahn and private equity
“Cash is a great asset,” declares Carl Icahn, a man who has had some success amassing the stuff. “But if private equity investors get their hands on it, they’ll reap the benefit instead of the shareholder,”
Icahn steps up pursuit of Lear
Carl Icahn on Monday stepped up his pursuit of Lear Group, the US maker of car interiors, by making an all-cash bid for the company worth $36 per share, or $2.4bn. The move by the veteran activist investor follows a period of restructuring at Lear,
Hedge funds back Giuliani’s presidential fund
Former New York city mayor Rudolph Giuliani is garnering support from some high-profile financial names as he weighs up whether to run for the US presidency. Dealbook picks up data from PoliticalMoneyLine.com showing that contributors to Mr Giuliani’s presidential exploratory committee,
Motorola shares leap as Icahn seeks board seat
Carl Icahn, the veteran activist investor, chose Motorola as his latest target, sending the company’s share price higher and increasing pressure on management at the struggling US telecoms equipment maker.