Tag:
Carl Icahn
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Latest Headlines
Carl Icahn's son ready to take over
"If you want a friend, get a dog." The line is often attributed to Gordon Gekko, the character in Oliver Stone's "Wall Street." But Stone got it from Carl Icahn, a towering figure on Wall Street even at age 75. The New York Times reports that he is now pondering his legacy and the challenges o
Icahn's pyrrhic victory over Blackstone
It was a bitter fight between Carl Icahn and Seneca Capital in one corner and the Blackstone Group in the other. In the end, Icahn and his shareholder allies took a decisive round in the bruising battle for control of wholesale power company Dynegy.
Private equity power Blackstone seemed to ha
Big investors oppose Blackstone on Dynegy
Carl Icahn has taken a 10 percent stake in energy company Dynegy, becoming the second big institution to acquire a large share. Hedge fund manager Seneca Capital previously took a 9.3 percent stake.
Both investors are taking aim at Blackstone's deal announced in August, to buy the company for
Leon Black faces off against detractors
Apollo Global Management head Leon Black, a famous alum of Drexel Burnham, is considered a whiz with bonds ( bond market news). His success is a matter of record. Recently, however, success meant having to play hardball with bondholders of his portfolio firms, taking advantage of various covena
Carl Icahn, man in the middle again
Some guys never seem far from the spotlight. So it is with Carl Icahn, 74, who has launched a hostile offer for Hollywood studio Lionsgate Entertainment. The New York Times takes the opportunity to profile him once again. Over the years, the press has grown more glowing, that's for sure. Attit
Carl Icahn vs. Ralph Whitworth
Recall that shareholder-activity hedge fund investor Carl Icahn last year waged a battle with the board of Biogen--and won. In December the board replaced its chairman, and this week the CEO stepped down. Icahn had been able to get two new directors appointed.
Reuters says he may now be se
Icahn growls at CIT board
Recall that CIT sweetened the terms of proposed debt exchange offer to help the company reduce its debt and pave the way for a restructuring. Bondholders have until Oct. 29 to vote.
One big-name bondholder is already voicing his objections. Carl Icahn, who is apparently one of the lenders' big
Big cat fight at Icahn Enterprises
So what's it like working at Carl Icahn's Icahn Enterprises? An interesting glimpse comes from a lawsuit filed by two workers at the firm who were fired late last year. The New York Post reports that the suit was filed by Sandra Silva, of Cliffside Park , New Jersey and Valerie Romano of Queen
Icahn vs. the Welches on board culpability
To what extent do corporate boards and audit committees bear responsibility for the financial meltdown we're now suffering through? In one corner: Jack and Suzy Welch , who argue "the real fallacy of
Carl Icahn loses by winning
We've noted that Carl Icahn--who is none too pleased with how his Realogy PIK toggle bonds were being treated--sued to stop Realogy, controlled by Apollo, from issuing more bonds that would be more secure, but worth far less.
The New York Times reports that Icahn won his suit. But it also
