All Posts Tagged Tag: ‘Carl Icahn’
The Canadian global oil and gas production company, Talisman Energy, has seen its value slide over the past several years due to poor business planning. However, stocks of Talisman Energy grew over 10% Tuesday morning following this Tweet by Carl Icahn Monday afternoon: Through his 61 million share purchase, Icahn now owns 5.97% stake in Talisman Energy. Icahn is the …
Billionaire activist investor Carl Icahn penned an open letter on Monday to Dell Inc. shareholders announcing the end of his battle with the company’s Board of Directors. Some reports indicate Icahn will leave the deal about $11 million richer and will refocus efforts on Apple. In the letter, Icahn accused Michael Dell—who can now regain control of the company—and Silver …
Billionaire Carl Icahn has taken a “large position in APPLE,” and has met with Tim Cook. Last night, he tweeted: We currently have a large position in APPLE. We believe the company to be extremely undervalued. Spoke to Tim Cook today. More to come. — Carl Icahn (@Carl_C_Icahn) August 13, 2013 Had a nice conversation with Tim Cook today. Discussed …
Once upon a time, Carl Icahn complained about the way Jerry Yang was running Yahoo and bought a massive number of shares to force him out. Later, Icahn joined Yahoo’s board of directors and gave Carol Bartz his full support. Now, Icahn’s involvement seems almost over, as he’s sold around 7.9 million shares.
For better or for worse, it looks like Carl Icahn has cut some ties to Yahoo. The activist investor, who once bought a great many shares as part of an effort to force out Jerry Yang and Yahoo’s board of directors, reduced his stake by about 80.2 percent during the last six months.
Another noteworthy event in the long, strange tale of the Microsoft-Yahoo deal has occurred: about 15 months after securing his seat on Yahoo’s board of directors, Carl Icahn has resigned the position.
It’s important to note that the move isn’t supposed to be interpreted as the first step in starting another fight. Or even as a sign of disapproval. In fact, in a letter announcing his resignation, Icahn made it sound more like a case of "mission accomplished" and "time to move on."
The man who once seemed set to single-handedly force a Microsoft-Yahoo acquisition – and then settled for three seats on Yahoo’s board of directors, instead – is at it again. Carl Icahn’s spoken in favor of a search partnership between the two companies.
The Microsoft-Icahn-Yahoo mess has mostly blown over, but as things stand, two seats on Yahoo’s board are still empty. A new report indicates that Edward Meyer and Frank J. Biondi, Jr. are the two men most likely to fill them on Friday.
The Yahoo-Microsoft-Icahn battle had a lot of people worked up; related press releases and letters displayed some of the strongest language we’ve seen on-the-clock professionals use. So even though the main fight has been resolved, it should come as no surprise that a major investor may still be upset with the situation.
Microsoft and Yahoo both employ intelligent, well-educated men and women. Carl Icahn’s pretty sharp, too. Recent acquisition dealings seem to have turned a great many people into finger-pointing fifth graders, though, and there’s been another salvo of letters and statements to support this argument.
A certain tradition involving Charlie Brown, Lucy, and a football began over 50 years ago. Now, as Yahoo has once again claimed it’s open to the idea of an acquisition, it’s beginning to look like Steve Ballmer and Jerry Yang might set some record of their own.
As things stand, Microsoft claims to be done negotiating with Yahoo. But Redmond’s best-known corporation has announced that it is willing to reenter acquisition talks if Carl Icahn wins his proxy fight.
The Carl Icahn side of the Yahoo chess match suffered a set back after a Delaware judge refused to grant an expedited trial to decide whether CEO Jerry Yang and board chairman Roy Bostock should be held financially responsible for blocking a Microsoft acquisition and for designing a so-called "poison pill" to jack up the cost of an acquisition.
Last week’s letter war between Carl Icahn and Yahoo chairman Roy Bostock was just a preview of what’s to come. Ichan and company have challenged Yahoo’s employee retention plan (Icahn calls it a severance plan) in a Delaware court. Slated to go to trial in July, the legal matter will be settled in advance of the annual shareholders meeting on August 1.
There haven’t been any signs that Yahoo will make its employees work from within isolation tanks. That almost seems like the next logical step, though, as Jerry Yang has followed up Carl Icahn’s critical words with yet another "all is well, stay on task" letter to Yahoo’s troops.
The sale of Yahoo to Microsoft isn’t going away without a proxy fight. Billionaire Carl Icahn, the guy they made Wall Street movies about in the Eighties and had to invent the phrase "corporate raider" for, is said to have gathered up 50 million shares in Yahoo.