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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NEW YORK, Nov. 5 /PRNewswire-FirstCall/ -- Icahn Enterprises L.P. (NYSE: IEP) reported revenues of $6,171 million for the nine months ended September 30, 2009, as compared to $4,791 million for the nine months ended September 30, 2008. Net income attributable to Icahn Enterprises from continuing operations was $240 million for the nine months ended September 30, 2009, or $3.13 per LP unit, compared to a net loss of $61 million, or $1.27 loss per LP unit, for the comparable period of 2008. Net income attributable to Icahn Enterprises from discontinued operations was $1 million for the nine months ended September 30, 2009, compared to $486 million for the comparable period of 2008, primarily as a result of its gain on the sale of Nevada gaming properties. Third Quarter 2009 For the three months ended September 30, 2009, revenues were $2,182 million as compared to $1,796 million for the three months ...
ST. CHARLES, Mo.--(BUSINESS WIRE)-- American Railcar Industries, Inc. (ARI or the Company) (NASDAQ: ARII) today reported its third quarter 2009 financial results. "We shipped approximately 610 railcars in the third quarter of 2009, resulting in EBITDA of $9.1 million and net earnings of $1.1 million," said James Cowan, President and CEO of ARI. "As the weak economy is driving low demand for railcars, we shipped 71% fewer railcars in the third quarter of 2009 as compared to the same quarter of 2008. The weak railcar market has and will continue to require us to evaluate our ...
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Form 10-Q ICAHN ENTERPRISES L.P. For: Sep 30
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Trading Radar for 11/05: Starbucks (SBUX), CBS Corp. (CBS), CVS (CVS), Toyota (TM), Thomson Reuters (TRI)
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Updated: Icahn Enterprises L.P. Announces Earnings Call and Quarterly Distribution
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Form 8-K ICAHN ENTERPRISES L.P. For: Nov 03
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Icahn Enterprises L.P. Announces Earnings Call and Quarterly Distribution
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Icahn Announces Support for CIT Pre-Packaged Plan
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David Faber expects CIT (CIT) will still file prepackaged bankruptcy by Monday, even after Icahn deal - CNBC
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CIT Group (CIT) Enters Agreement With Carl Icahn, Obtains $1B Line of Credit
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CIT Enters into Restructuring Plan Support Agreement with Carl Icahn and Obtains Incremental $1 Billion Committed Line of Credit from Icahn Capital LP
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CIT, Icahn reach a tentative deal on restructuring. Icahn will provide a $1 billion backup line to CIT - wsj
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Form 8-K ICAHN ENTERPRISES L.P. For: Oct 29
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Icahn Clarifies Terms of Tender Offer for CIT Group Notes
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Form SC 13D/A Guaranty Financial Group Filed by: ICAHN CARL C
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Unusual 11 Mid-Day Movers 10/28: CTS, QTM, KWR, CIT, NTRI Higher; KSP, CALC, PSYS, ILMN Lower
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CIT Jumps 12% on Financing News
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CIT gets added $4.5B in financing from lenders, not from Icahn
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CIT Obtains Additional $4.5 Billion in Financing Through Expansion of Existing Secured Credit Facility
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Icahn Provides Financing Commitment to CIT
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CIT Sets the Record Straight
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Icahn Provides CIT Commitment Letter for $4.5B Term Loan; Requests Acceptance by 6pm This Evening
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Icahn Says CIT Bondholder's Treatment is 'An Example of What's Wrong with the Bankruptcy System'
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Icahn Supplements List of CIT Notes Subject to Tender Offer
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Icahn Acts to Neutralize Scare Tactics of CIT Group; Announces Tender Offer for Smaller Holders
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Icahn Says Goodbye To Yahoo!'s (YHOO) Board
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Form SC 13D/A XO HOLDINGS INC Filed by: ICAHN CARL C
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Carl Icahn Announces His Resignation From the Board of Yahoo!
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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
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Icahn Sends Open Letter to CIT Bondholders; Says a Bankruptcy Would Not Be 'Calamitous'
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Icahn Issues Open Letter to CIT Bondholders
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CIT Group (CIT) Strikes Tentative Deal with Goldman (GS) on Debt
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Explicit Picks Daily Report Alerts Investors to Big Buzz From CIT Group Inc; Favorable Reports and Marketing With Techs; Apple Inc, Texas Instruments Inc and Motorola Inc.
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CIT Group (CIT) Acknowledges Icahn Letter, Intends to Contact Him For More Info
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CIT Acknowledges Letter from Carl Icahn
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Carl Icahn Calls CIT's (CIT) Prepackaged Bankruptcy Proposal "Ludicrous" - Reuters
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Icahn Chastises CIT (CIT) Board, Offers To Underwrite $6 Billion Loan
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Morning Movers 10/19: FIGI, IPCS, BEST, ALLI, CIT Higher; JACO, FNM, IDCC, FRE, PETS Lower
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Icahn Today Stated That CIT's Planned Reorganization, With All Its Attendant Fees and Its Method of Vote-Buying, Is the Quintessential Example of What Is Wrong With Our Bankruptcy Process in Amer
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Icahn Offers to Underwrite $6B Loan for CIT; Sees 'No Reason' Board Should Continue to Be in Control
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Carl Icahn offering loan to CIT Group, Inc. (CIT)
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Form SC 13D/A Guaranty Financial Group Filed by: ICAHN CARL C
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StreetInsider.com Best of the Web 10/9
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Form SC 13D/A XO HOLDINGS INC Filed by: ICAHN CARL C
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Realogy Closes on $515 Million of Expected $650 Million of Second Lien Incremental Term Loans
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XO Holdings' Special Committee Responds to ACF Industries Holding's Proposal
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Kenneth Shea to Head Coastal Capital Management, a New Gaming, Hospitality and Entertainment Venture
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LIBERTY Dental Plan Unveils New York City Office
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Icahn Lowers Stake In Yahoo! (YHOO), Says Sale Does Not Reflect Long-Term Views
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Icahn's 13Fs Show No Major Changes (YHOO, MOT, BIIB, AMLN, LGF)
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Carl Icahn Continues To Load Up On Lions Gate Entertainment (LGF)
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Icahn Pounding the Table on Lions Gate (LGF), Buys Another 500K Shares
