Carl Icahn
Carl Icahn's Portfolio
| Ticker | # of Shares | Price | Value | |
|---|---|---|---|---|
| BIIB | 17,511,304 | $58.62 | $1,026,512,641 | |
| APC | 14,401,628 | $70.33 | $1,012,866,498 | |
| MOT | 137,741,443 | $6.90 | $950,415,957 | |
| YHOO | 55,039,056 | $16.50 | $908,144,424 | |
| IMCL | 11,669,544 | $69.99 | $816,751,385 | |
| LEA | 9,595,954 | $73.46 | $704,918,781 | |
| TWX | 12,933,159 | $30.09 | $389,158,755 | |
| TWC | 4,711,128 | $48.10 | $226,605,257 | |
| AMLN | 6,787,649 | $22.08 | $149,871,290 | |
| WMB | 3,918,959 | $22.37 | $87,667,113 | |
| View Additional Portfolio Information » | ||||
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.
American Community Bancshares, Inc., (Nasdaq: ACBA) 49.9% HIGHER; Yadkin Valley Financial Corporation (Nasdaq: YAVY) to acquire the company in a transaction with a total value of approximately $92 million.
Encorium Group, Inc. (Nasdaq: ENCO) 45.6% LOWER; announced today it has terminated negotiations with Fine Success Investments, Ltd., a British Virgin Islands company doing business as Linkcon regarding the previously announced non-binding letter of intent to combine Encorium and Linkcon.
Dollar Thrifty Auto (NYSE: DTG) 26.5% LOWER; since hitting a 52-week low of $2.31 in mid-July, the stock has nearly tripled in less than two months. Today's move is likely a slight correction as ...
