Investor activist Carl Icahn is seeking control of the Yahoo board and will run a slate of nine dissident directors, according to his definitive proxy, filed Monday with the Securities and Exchange Commission.
The investor accuses Yahoo! of distorting, omitting, and twisting his attempts to help fellow shareholders unlock value Dear Fellow Yahoo! Shareholders: Over the years I have attempted to make changes at many companies but I have yet to see a company distort, omit, and twist events and facts in the manner that Yahoo! has done in their press release issued Saturday night, July 12th. During
Yahoo Inc said on Saturday it has rejected a joint proposal from Microsoft Corp and activist investor Carl Icahn that would have involved selling its search business to the software maker. Yahoo said it received the proposal "for a complex restructuring" on Friday evening and was given less than 24 hours to accept. It also said Microsoft and Icahn had made clear they were unwilling to negotiate th
Yahoo rejected the offer of Microsoft to acquire Yahoo's search business and billionaire investor Carl Icahn that would have included the sale of Yahoo's search business to Microsoft. . . The offer, which was offered on Friday in cooperation with Yahoo investor Carl Icahn, was a variation on Microsoft's previous offer to acquire Yahoo's search business in exchange for cash, a partial stock
Late Saturday, Yahoo issued a statement regarding a joint-proposal Microsoft and investor activist Carl Icahn released. Here is a copy of the statement:
Yahoo! Inc., a leading global Internet company, confirmed today that it has rejected a joint proposal from Microsoft Corporation and Carl Icahn for a complex restructuring of Yahoo! that would include the acquisition of Yahoo!'s search business
Friday evening Microsoft (MSFT) and Carl Icahn made an offer to the Yahoo! (YHOO) board. Microsoft would buy Yahoo!'s search business. Icahn would take over...
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Yahoo! Inc. confirmed that it has rejected, again, a joint proposal from Microsoft Corporation and Carl Icahn for a complex restructuring of Yahoo! that would include the acquisition of Yahoo!'s search business by Microsoft. The proposal was made on Friday evening and Yahoo! was given less than 24 hours to accept the non-negotiable proposal. Yahoo! also offered to sell the entire company to
Carl Icahn has issued a letter to Yahoo shareholders detailing the summary of his talks with Microsoft CEO Steven Ballmer. Here's an excerpt from the letter.
During the past week I have spoken frequently with Steve Ballmer, CEO of Microsoft. Several of our conversations have lasted as long as an hour. Also, a few of our discussions have taken place while other top executives, such as Kevin
Dissident shareholder Carl Icahn renewed pressure on Yahoo Inc to strike a merger deal with Microsoft Corp and replace Chief Executive Jerry Yang in his latest proxy filing on Thursday. In papers filed with the U.S. Securities & Exchange Commission ahead of a showdown for control of Yahoo at its August 1 shareholder meeting, Icahn said his nine-member alternative slate of directors still s
Carl Icahn has made his proxy filing today with his formal nominees for the Yahoo! Inc. (NASDAQ: YHOO) board of directors. His stake is also listed as holding...
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SAN FRANCISCO - Yahoo has sent a letter to stockholders defending its alliance with Google and criticizing Carl Icahn’s campaign to install a Microsoft-friendly board of directors.
Yahoo’s board is lobbying for allies as it heads for a showdown with the billionaire corporate raider at an annual gathering of the California firm’s stockholders on August [...]
Icahn, Angry At Corporations, To Start Blogging Thursday
Last Update: 6/19/2008 11:23:44 AM
By Steven Russolillo
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)–Billionaire investor Carl Icahn plans to launch his
much-anticipated blog Thursday afternoon, with hopes of sparking a grassroots
campaign for better treatment for shareholders.
In an interview, Icahn said his blog - [...]
SAN FRANCISCO - Dissident Yahoo Inc investor Eric Jackson urged fellow shareholders on Monday to vote for a board comprising five existing directors and four nominees from billionaire investor Carl Icahn’s slate.
Jackson, who leads a group of 146 investors holding 3.2 million Yahoo shares, said that, while he supported Icahn fully, he recognized that major [...]
There was interesting event in a 13D filing today right after the close, and that will be worth some news and gossip alike. An investment firm called...
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Yahoo's (YHOO) Jerry Yang must realize that he is out of his league on this one tights?
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By MICHAEL LIEDTKE AP Business Writer
SAN FRANCISCO (AP) _ Yahoo Inc. may have to defend its response to Microsoft Corp.’s takeover attempt in a trial that could sway the outcome of the Internet pioneer’s August showdown with investor activist Carl Icahn.
The legal drama will unfold next month if a Delaware judge grants a request made [...]
The Ballots have gone out in Yahoo fight ! The polls opened Monday for Yahoo shareholders as the company mailed out ballots for the upcoming board election that could determine whether Yahoo remains an independent company.
Yahoo! Inc. (NASDAQ:YHOO) has filed its own proxy materials for its August 1 shareholder meeting, and it is essentially asking shareholders to follow it 100%...
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Der streitbare Yahoo!-Großaktionär Carl Icahn hat den Machtkampf mit der Führung des Internet-Konzerns weiter zugespitzt.
In einem Brief nannte der für seine harte Gangart bekannte Investor am Freitag seinen Preis für einen Verkauf von Yahoo! an Microsoft und bekräftigte seine Forderung nach Ablösung von Konzernchef und -Mitbegründer Jerry Yang. Yahoo! konterte umgehend mit dem Vorwurf, Ic
Icahn Puts A Price On Yahoo! Corporate raider tells the Web portal to sell to Yahoo! for $34.75 per share and remove its ”poison pill” severance plan.
Icahn’s Plan For Yahoo! Sell to Microsoft for $34.375 per share and scrap its ‘poison pill’ severance plan.
[...]
Carl Icahn demands Yahoo sell for $49.5 billion.
Intel Anti-Trust woes spread as FTC takes a look. S. Korea already on the case. This was bound to happen eventually.
FCC free wireless Internet plan doomed to fail? I wonder.
Creeping featurism to hit Gmail? Perhaps.
My airplane anecdote tells of [...]
So my inbox is being blitzed with SEC filings by Yahoo detailing the love letters exchanged between billionare investor Carl Icahn and Yahoo! Inc. Chairman Roy Bostock. Considering I've already written everything I can think of on Icahn's Yahoo proxy bid, which includes the first round of letters between the above mentioned parties, I was planning to ignore the second round.
But them I notice
Carl Icahn ha comunicado este viernes que la empresa de internet Yahoo debería ofrecer la venta de la compañía a Microsoft a un precio de 34,37 dólares por acción.
En su última carta al presidente de Yahoo Inc, Roy Bostock, Icahn dijo que si Microsoft Corp no aceptaba la oferta “en una transacción amistosa y cooperativa,” [...]
Have you heard? Carl Icahn is unhappy with Yahoo’s current leadership and the manner in which it handled Microsoft’s unsolicited acquisition offer. In a stink-bomb of a letter to Roy Bostock, the chairman of Yahoo’s board of directors, Icahn accused Yahoo (YHOO) of acting against its shareholders’ best interests by making it practically impossible for Microsoft (MSFT) to stay at the bargai
El multimillonario inversor estadounidense Carl Icahn ha dado un paso más en su enfrentamiento con la cúpula directiva del portal de Internet Yahoo! tras indicar que si su intento de controlar el consejo de la compañía tiene éxito, pedirá la dimisión del fundador y actual consejero delegado de la empresa, Jerry Yang, a quien acusa de haber 'torpedeado' la oferta de compra lanzada por Micros
Yahoo has rescheduled its annual shareholders meeting to Aug 1st and reiterated its recommendation for shareholders to not vote for Icahn's proxy fight. If the vote is successful, Icahn plans to remove current CEO Yang for not accepting Microsoft's bid. Icahn stated that he believes that Microsoft no longer trusts Yang, and that the company will no longer make a new offer unless Yang and the boa
Parece que ahora si va en serio "la comisión reguladora de leyes antimonopolio en Estados Unidos" da luz verde al magnate multimillonario Carl Icahn para comprar una gran cantidad de acciones de Yahoo, según informo la comición federal de comercio.
Icahn quien a mediados de mayo lanzara una fuerte campaña para remplazar al consejo directivo de Yahoo, por nuevos directores para que
SAN FRANCISCO (MarketWatch) — Activist investor Carl Icahn has been cleared by
the Federal Trade Commission to make large purchases of Yahoo Inc. stock as part
of his effort to launch a proxy fight to replace the company’s board of
directors, according to a Reuters report Friday. Icahn has nominated his own
slate of candidates for Yahoo’s board, in [...]
Carl Icahn’s battle to replace the board of directors at Yahoo! has gained momentum. There are many people who support his stance on the Microsoft takeover. These supporters are now rallying behind him and buying shares of Yahoo!
Amongst the supporters, oil investor T. Boone Pickens, has bought 10 million shares, a hedge fund, [...]
Yahoo Inc. on Thursday postponed a looming showdown for control of its board, giving itself more time to prepare a defense — or negotiate a sale to Microsoft Corp. that would cause activist investor Carl Icahn to call off the mutiny.
The showdown pitting the slumping Internet pioneer’s board against Icahn and other unhappy shareholders was [...]
WSJ reports that Carl Icahn's Yahoo bid is rapidly gaining support from exisiting and new shareholders. The list of supporters now includes Texas billionaire T. Boone Pickens, Daniel Loeb's Third Point LLC, and, as mentioned in the previous update, John Paulson of Paulson & Co. Their share of Yahoo stock is as follows: Icahn - 4.3%, Paulson & Co. - 3.7%, T. Boone Pickens - 0.75%, Third Poi
Another funny story about Texaco
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This is a funny story about his attempted US Steel (X) takeover
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Carl Icahn is looking to replace all of Yahoo's board stating that the board members have made a bad decision to not accept Microsoft's offer. Icahn's plan is to replace the board members, and then try to reopen negotiations with Microsoft; however, if deals with Microsoft go sour the replacement board may have trouble running the company.
Carl Icahn is a billionaire financier, activist, and investor. Most think of Icahn as an activist investor that wants to get inside and drive value without...
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In a letter which basically called Carl Icahn a dummy, Yahoo! (YHOO) responded to the billionaire's plan to offer an alternate slate of directors by writing...
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SAN FRANCISCO (AP) — Yahoo Inc. Chief Executive Jerry Yang spent months fending off Microsoft Corp.’s unsolicited takeover bid. Now he may only have a few weeks to persuade the software maker to revive its last offer of $47.5 billion, or risk being fired in a shareholder mutiny led by activist investor Carl Icahn.
Spurred on [...]
Il miliardario americano Carl Icahn vuole riannodare i fili della trattativa interrotta tra Microsoft e Yahoo per l’acquisizione di quest’ultima da parte di Microsoft. Ichan ha rastrellato circa 59 milioni di azioni di Yahoo, pari al 4% del totale, e si dice pronto ad investire fino a 2,5 miliardi di dollari in azioni Yahoo.
Secondo quanto [...]
Il miliardario americano Carl Icahn vuole riannodare i fili della trattativa interrotta tra Microsoft e Yahoo per l’acquisizione di quest’ultima da parte di Microsoft. Ichan ha rastrellato circa 59 milioni di azioni di Yahoo, pari al 4% del totale, e si dice pronto ad investire fino a 2,5 miliardi di dollari in azioni Yahoo.
Secondo quanto [...]
Very hot weather in California.
GTA in the news with its trigger of more online subscriptions. Xbox the big winner.
Comcast to buy Plaxo. I found the Plaxo messages annoying.
MySpace gets $225 million from spammers who got sued by MySpace. Hooray.
Google to blur faces.
The FCC to [...]
Carl Icahn has made the announcement that he plans a proxy fight to either control or influence the Yahoo! board. It is a remarkably poor idea. Microsoft...
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Fresh from forcing a reorganization at Motorola, Carl Icahn is now reportedly giving serious thought to trying to replace Yahoo's current board of directors, and engineering a deal with Microsoft. Billionaire "activist" investor Carl Icahn has been busily buying up Yahoo shares over the past week, and he is interested in waging a proxy fight to elect a new board that would bring Yahoo a
Reuters - Billionaire investor Carl Icahn is
considering mounting a proxy campaign to replace Yahoo Inc
board members after the company failed to reach a deal
to merge with Microsoft Corp , a source close to the
matter said on Tuesday.
AP - Billionaire investor Carl Icahn is reportedly loading up on Yahoo Inc.'s stock in preparation for a possible attempt to shove aside the Internet icon's board and bring the company's disillusioned suitor, Microsoft Corp., back to the bargaining table.
Billionare activist investor Carl Celain Icahn, it seems, bought a cool 50 million Yahoo! shares in the past week alone, worth about $1.3 billion which gives him a 3.5% stake in Yahoo! Inc., and is now said to be considering a proxy fight with the Yahoo Board, in an attempt to get control of seats on the Board. Photo courtesy & copyrights Icahnreport.com
He has also sent out feelers to Micros
Carl Icahn the famous activist investor cum billionaire has set up his blog known as The Icahn Report. The blog has been created but there are no signs of activity yet. Icahn has said that the blog will go live in about two weeks time which means we can hopefully see some posts on “Corporate Governance.”
Motorola and Carl C. Icahn have reached a compromise due to Icahn suing Motorola and demanding internal board documents that he believed would show that directors were lax in running the company. As a result, Motorola has agreed to immediately appoint Keith Meister, a managing director of Icahn investment funds, to its board. Additionally, Mr. Meister and William R. Hambrecht, the founder and CEO of W.R. Hambrecht and Company, will be nominated for Motorola’s board at the next annual meeting. Motorola will also seek suggestions from Mr. Icahn on the planned separation of its mobile devices operations, and search for a chief executive for that business. In return, Mr. Icahn has agreed not to solicit proxies at Motorola’s annual meeting, dismiss litigation against
Carl Icahn and friends will get two seats on the Motorola (MOT) board, ending fight by the company to keep him out. According to Motorola William R. Hambrecht,...
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SCHAUMBURG, IL and NEW YORK, NY, 7 April 2008 – Motorola, Inc. (NYSE: MOT) and Carl Icahn today announced that they have reached an agreement under which William R. Hambrecht, founder, chairman and chief executive officer of WR Hambrecht + Co. and co-founder of Hambrecht & Quist, and Keith Meister
In an SEC filing yesterday Carl Icahn and affiliates disclosed they added over 2.3 million shares of Motorola (MOT) on 3/6 and 3/7 at $9.75 and $9.99 a share.
This brings to total ownership to 6.44%.
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After coming under extreme pressure from billionaire investor Carl Icahn, Motorola has decided that the handset business will operate separately from another company that will encompass its home and networks business which sells TV set-top boxes and modems, and its enterprise mobility solutions, which sells computing and communications equipment to businesses. We will see [...]
It looks like Carl Icahn will get what he want with Motorola (MOT)
Motorola announced this morning it has "commenced a process to create two independent, publicly-traded companies. Today's decision follows the Company's January 31, 2008 announced evaluation of the structural and strategic realignment of its businesses and represents affirmative steps to position its Mobile Devices and Broadband & Mobility Solutions businesses for success, while creating value for all Motorola...
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And this time he is suing them to access documents that detail the strategy for turning around the mobile-phone arm of Motorola. Icahn filed a lawsuit today in Delaware Chancery Court in Wilmington to get the information from Motorola. The company denied an earlier request for the documents, said Icahn, who has nominated four directors and lobbied for a spinoff of the handset unit. According to The Financial Times, the documents he is seeking include board and committee minutes and documents related to the service and selection of Motorola’s senior officers, and the prospects or strategy of Motorola’s mobile devices business. Icahn, 72, said today in an interview, ``These guys are the poster boy for what's wrong with corporate America. They've lost $37 billion in market valu
It is hard to imagine what Carl Icahn is trying so hard to get control of Motorola (NYSE: MOT), or at least to force the company to "improve shareholder...
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Carl Icahn filed an amended 13-D on XO Holdings (XO) tonight.
From the Filing:
"As of the close of business on March 14, 2008, the Filing Persons may be deemed to beneficially own in the aggregate 129,466,420 Shares constituting approximately 58.95% of the outstanding Shares (based upon (i) the 182,075,035 Shares stated to be issued and outstanding by Issuer, (ii) the 91,913,269 Shares beneficially held by the Filing Persons, (iii) the 10,041,858 Shares issuable upon exercise of the Warrants...
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Carl Icahn filed a 13D regarding his stake in Enzon Pharmaceuticals (ENZN) today.
Icahn now may be deemed to beneficially own, in the aggregate, 3,072,103 Shares, representing approximately 6.93% of Enzon's outstanding Shares (based upon the 44,322,923 Shares
Also,
"The Reporting Persons have entered into a number of derivative agreements, commonly known as Total Return Swaps, with counterparties, which agreements provide that the profit to the Reporting Persons shall be based upon the...
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In an SEC Filing, it was disclosed that Carl Icahn has taken a larger stake as an activist in Enzon Pharmaceuticals Inc. (NASDAQ: ENZN). The stake is listed as...
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Carl Icahn is a pretty interesting guy. Along with Henry Kravis of KKR, he was one of the most feared names in Industry. The shear mention that Carl Icahn was "on the phone to talk to you", would scare most CEOs into writing him a check to go away!60 Minutes had a great piece on him and how he makes his money, and as one of the Top 20 richest people on the planet, he does know a thing or two about how to make money. He might not make companies cower with just a call anymore, but he does know how to rattle his sabre.Icahn was one of a handful of Corporate Raiders that bought up companies with little or no cash, loaded the company with debt and would then spin then off or tear them apart. Think Gordon Gekko from the movie "Wall Street". Icahn's famous takeover of TWA in 1985 is the stuff of
In a just released SEC filing, Icahn, who owns 6.4% of the stock, notified Motorola (MOT) management the gloves are now off. He is now urging his own Board nominations to shareholders.
From the filing:
"The election of the Nominees requires the affirmative vote of a plurality
of the votes cast, assuming a quorum is present or otherwise represented at the
Annual Meeting. As a result, your vote is extremely important. We urge you to
mark, sign, date and return the enclosed GOLD ...
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I missed this when it aired but it is well worth watching...
See it here:
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For the fourth-quarter, Motorola reported an 83.9% drop in earnings to $100 million, or 4 cents per share, compared to last year’s $623 million, or 25 cents per share. Then, Motorola announced that it is exploring a restructuring which could include the sale of its mobile phone business. In order to stem the losses, CEO Greg Brown took over the mobile handset division from Stu Reed. He also replaced acting CFO Tom Meredith with Paul Liska. Motorola unveiled some unimpressive models at the World Mobile Congress. No surprises there. Still, Motorola shares were down 38 % in 2008. If this wasn’t enough, Motorola is getting itself embroiled in a political controversy. Bill Ray from The Register reported that when Motorola threatened to abandon the Malaysia, causing 10,
After 10 trading days, the recommended stocks have only slighty underperformed the market, losing only -0.07% versus a gain in the S&P 500 of 0.24% for the period. Of these, Vector Group (VGR) performed the best relative to the index. Overall, not bad, but not good.
On the October 12th edition of Mad Money, Jim Cramer interviewed Carl Icahn and congratulated him on the bid by software giant Oracle to acquire BEA Systems (BEAS), which Icahn had been working on for months. Cramer had been recommending BEAS consistently since the summer of 2006 on a takeover possibility. In the December 11, 2006 Lightning Round, Cramer again reiterated his recommendation on the stock stating, "It has obviously been hurt by the options ugly stick, but BEAS should not be punished. That is a legitimate software transaction platform that I think one day, if they don't get the stock up, will be purchased by Oracle (ORCL)."
Again on September 18, Jim recommended BEA Systems (BEAS) on account of billionaire investor Carl Icahn's increasing share of the company, saying a buyout was imminent. Investors pocketed nearly a 40% gain in less than a month when Oracle (ORCL) announced a bid to buy the lesser competitor. (A chart of Cramer's BEAS recommendations is shown below)
N
Carl Icahn has decided to try seizing the day at BEA Systems (NASDAQ:BEAS) by keeping management...
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Carl Icahn has done a lot for shared holders at close to a dozen companies over the last year or...
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Three of the biggest names in the investing business all have one incredible industry in common. They all have stakes in major oil and gas plays. Argue global warming, environmental protection, and any other claim of criticism, but there is absolutely no doubt that these stocks are headed higher. Just take a look at each of their portfolios.
Among a highly developed and diverse portfolio, Warren Buffett holds companies like Burlington Northern (BNI), Washington Post (WPO), and Coca-Cola (KO). Outside of these foundation stocks is a company that Buffett had to begin disclosing a couple of years of ago, ConocoPhillips (COP). As of the latest portfolio update on Stockpickr.com, Buffett had about 2.1 percent of portfolio vested in the oil and gas industry through COP. It’s clear to see why Buffett has chosen ConocoPhillips, because the company is by far one of the best values in the sector at around 8x price-to-earnings, and has an impressive 2.16 percent dividend yield.
The highly a
On CNBC’s On The Money, breaking news over Icahn’s bid for a seat on the board of Motorola came over the wire. The initial response and sentiment of Icahn’s visit with investors of Motorola (MOT) and the speech that came with it, was negative, and in Ichan’s own words, the popular vote may have voted for Icahn, but the major institutions may not have voted for his election.
Carl Icahn cited:
Board hasn’t performed
Motorola is poised to improve
If nothing changes, a CEO search should start
No personal feelings towards anyone on the board
Promises to return the company to profitability
Company is slow to evolve and move on from previous succeses (i.e. RAZR)
At this time, Icahn has 2.9 percent ownership in Motorola. Over the last year, shares in MOT have dropped 9 percent. The Icahn influence has greatly increased most companies share value, and the board needs to accept a grand change, among a difficult time for Motorola. Unfortunately, the results of the
Princeton University educated billionaire and private equity investor Carl Icahn has one of the most aggressive styles of active investing. Icahn’s trades have ranged from TimeWarner (TWX) to Lions Gate (LGF) to Blockbuster (BBI), all with heavy influence and pressure forced upon the management of his investments. Now more than ever, the board of Motorola (MOT) needs Icahn’s influence.
“I’m not looking to remove Motorola’s board. I’m only saying that there’s no reason for that company to be sitting with $12 billion of cash that would be better used by shareholders.” (SOURCE) Quite recently, Icahn’s latest endeavors to change the board of Motorola have been quite publicized. Suggestions with the $12 billion in cash have been a proposed increase in dividend and/or an increase in share buybacks.
“Earlier this month, Motorola posted its first quarterly loss since 2004 amid dismal sales in its largest segment, mobile devices. The
In an SEC filing released Friday, Motorola's Board of Directors urged shareholders to not support billionaire Carl Icahn's bid for seat on the company's board. The notice was the first formal indication that the Motorola board does not support Icahn's efforts and, by extension, does not support his influence over the company's future.motorola's (NYSE: MOT) board of directors is urging shareholders to be wary of supporting an effort by billionaire investor Carl Icahn to secure a seat on the company's board.Motorola filed a notice with the Securities and Exchange Commission (SEC) on Friday setting the date for its annual shareholder meeting for May 7. In that notice, which was also distributed directly to shareholders, the board mentioned Icahn's interest in being elected.In January, Icahn notified Motorola that he would seek election to the board. He said that if elected he would push for a stronger turnaround plan for the firm, which has seen its market share and profits slip
In an SEC filing released Friday, Motorola's Board of Directors urged shareholders to not support billionaire Carl Icahn's bid for seat on the company's board. The notice was the first formal indication that the Motorola board does not support Icahn's efforts and, by extension, does not support his influence over the company's future.motorola's (NYSE: MOT) board of directors is urging shareholders to be wary of supporting an effort by billionaire investor Carl Icahn to secure a seat on the company's board.Motorola filed a notice with the Securities and Exchange Commission (SEC) on Friday setting the date for its annual shareholder meeting for May 7. In that notice, which was also distributed directly to shareholders, the board mentioned Icahn's interest in being elected.In January, Icahn notified Motorola that he would seek election to the board. He said that if elected he would push for a stronger turnaround plan for the firm, which has seen its market share and profits slip
In an SEC filing released Friday, Motorola's Board of Directors urged shareholders to not support billionaire Carl Icahn's bid for seat on the company's board. The notice was the first formal indication that the Motorola board does not support Icahn's efforts and, by extension, does not support his influence over the company's future.motorola's (NYSE: MOT) board of directors is urging shareholders to be wary of supporting an effort by billionaire investor Carl Icahn to secure a seat on the company's board.Motorola filed a notice with the Securities and Exchange Commission (SEC) on Friday setting the date for its annual shareholder meeting for May 7. In that notice, which was also distributed directly to shareholders, the board mentioned Icahn's interest in being elected.In January, Icahn notified Motorola that he would seek election to the board. He said that if elected he would push for a stronger turnaround plan for the firm, which has seen its market share and profits slip
From 13D Tracker
According to reports from Dow Jones News, Carl Icahn has received antitrust OK to boost his stake in Lear (NYSE: LEA). Ichan currently holds an 11.995 million share stake (15.77%) in Lear.
In October, Lear entered into a definitive agreement to issue $200 million of common stock in a private placement to affiliates of and funds managed by Carl C. Icahn. The offering included 8,695,653 shares of Lear common stock issued at $23.00 per share.
http://www.13dtracker.blogspot.com/
Motorola has agreed to appoint two Carl Icahn-approved executives to its board of directors in an effort to appease the activist investor. Keith Meister, a managing director of Icahn investment funds, will be appointed to the board immediately. William ...
Filed under: CellphonesGood news coming from the Motorola camp? Say it ain't so! The long-standing feud between the flagging company and investor Carl Icahn has finally come to an end, and lo and behold, the pending litigation between the two has even been dismissed. Apparently the two parties managed to ...
New York City, New York (CaymanMama.com) -- CNN reported that Carl Icahn has got his arsenal ready to shoot to Yahoo. Icahn, an activist investor, has been staking in Yahoo in the anticipation of an alternative fight. He says that he want to substitute the board of Yahoo so that ...
