The transaction is valued at $8.5 billion.
The transaction is valued at $8.5 billion.
Everything you need to know to understand the insider trading investigation involving Carl Icahn, Phil Mickelson, and Billy Walters over suspicious trades of Clorox.
After fighting insider trading charges and winning, the Dallas Mavericks owner says “Until you have waken up to headlines accusing you of wrong doing by the government or others you have no idea how Important due process is.”
Hedge fund manager Bill Ackman’s latest move has some praising him as a deal genius and others saying it is an example of everything wrong with corporate America, activist investing, and regulatory law.
The news came as part of Apple’s strong second quarter earnings report. The company also announced a 7-for-1 stock split.
PayPal, however, will stay with eBay. “We are happy to have reached this détente with eBay,” Icahn said.
Sometimes the billionaire activist pushed for a change that didn’t come, and companies fared better than if they’d heeded his advice, data shows. Most times, Carl Icahn made a lot of money.
The company is imploring shareholders to vote against Icahn’s proposal to spin-off PayPal and appoint two board members at its upcoming annual meeting, and calling out Icahn’s personal attacks and the credentials of his proposed board members. This is just the latest in a heated battle that’s taken shape in the last three months.
In the video, which was forwarded to BuzzFeed by a source, eBay CEO John Donahoe dismisses the billionaire hedge fund manager’s campaign to force a sale or spin out of PayPal as an attempt at “short term financial maneuvering to drive the stock price up.”
eBay CEO John Donahue faced a fresh attack from billionaire activist investor Carl Icahn, who nominated two directors to the retailer’s board and accused Donahue of “inexcusable incompetence.” Icahn wants eBay to spin off its PayPal unit, a move the company is against.
The Silicon Valley venture capitalist responds directly for the first time to billionaire investor Carl Icahn’s campaign against him and eBay.
In response to the billionaire investor’s scathing public letter this morning, eBay released a statement accusing Icahn of using “cherry-picked old news clips and anecdotes out of context” to attack two eBay board members.
New data from Activist Insight suggests that activist investing for 2014 is already shaping up to outpace last year, and the companies targeted represent a diverse group of industries.
Carl Icahn has some interesting thoughts on how big of a seller Apple’s currently nonexistent TV can be.
The billionaire investor has a .82% stake in the company and has nominated two directors for its board.
Carl Icahn is once again on the war path, coming after Apple’s massive cash pile. Still, he owns less than 1% of the company.
The document dump to end all document dumps.
But the company says that it is still “fully committed to returning cash to shareholders.”
This was the year the proxy battle turned ugly—and went mainstream.
Icahn has filed a shareholder proposal to get Apple to follow through with a share buyback.
The controversial nutritional supplements company beat analysts’ expectations again but is still shelling out to fight the PR battle with its hedge fund antagonist.
What happens when you give two Medicare-aged billionaires Twitter accounts? Twitter fights!
Icahn sold part of his stake in Netflix, making nearly $800 million in profit.
When will you be on CNBC again? #inflation
In his quarterly investor letter, Ackman described D.A. Davidson analyst Timothy Ramey as “perennially bullish” on Herbalife and said that investors think he’s “speaking on behalf of the Company.” Ramey today said in a note that Ackman has capitulated and is at higher risk of losing his entire $1 billion short bet.
No news, in these situations, is sometimes bad news. Now Carl Icahn’s position looks even stronger in the company Steve Jobs built.
The company Steve Jobs built has lost nearly $50 billion in market cap in the past month. It’s still not clear if new iPhones will be enough to re-ignite growth and bring back investor confidence.
Michael Dell has won the vote to take Dell private in a $25 billion deal. Not sure you can call that a win, given that he’s still the CEO of a PC manufacturing company.
Apple’s iPhone reveal was widely panned by analysts and industry watchers. That’s put Icahn in an even better position to agitate for an expansion of Apple’s buyback program.
Analysts and investors are not happy that Apple failed to release a cheaper iPhone as a way to retake market share in emerging markets like China. They sent Apple shares down about 5%, or about $15 billion, in trading Wednesday as punishment.