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.
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.
BlackBerry has been in the middle of a turnaround for the past two years and just ousted a bunch of executives earlier this week. They aren’t the only ones that have failed to find ways to turn around a floundering tech giant.
“The machine is great, but it smells as if it was assembled near a tomcats litter box.”
Here’s a handy and fun outline to fill in and use to play along with the activist investor as he wages battles on company after company.
What happens when your business is declining with no end in sight? Panicked dealmaking, selling new stock to raise cash, laying off employees, and everything else in the parade of corporate horribles.
From the perspective of the private equity sector, anyway.
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.
Icahn gave up his fight for computer maker Dell in a letter that referenced dictatorships, Gone with the Wind, and Twitter. You might say it’s rather dell-ightful.
Michael Dell and Silver Lake Partners sweetened their bid by offering a 13-cent dividend in exchange for delaying the vote until Sept. 12 so they can have time to sway shareholders to accept the new offer. Now updated with Icahn’s comments.
Six components to taking down a target, as illustrated by hedge fund titans Carl Icahn and Daniel Loeb. Could the pen be mightier than the wallet?
The firm founded and run by billionaire Steve Cohen was indicted by a federal grand jury for an alleged insider trading scheme that lasted more than a decade. Cohen himself was not charged.
The battle for Dell rages on, with founder Michael Dell and Silver Lake Partners upping their offer to take the company private. The vote is now scheduled for August 2.
Icahn is as well known for his fiery temper and pointed one-liners as he is for his hedge fund’s activist investing.
Its fourth quarter was impacted by the decline in the PC industry.
Dell said it would delay a vote that would allow founder Michael Dell and Silver Lake Partners to take the company private. The new vote is scheduled for next week.
Activist investor and hedge fund billionaire Carl Icahn launched his final campaign to keep Dell a public company during the CNBC Institutional Investor “Delivering Alpha” conference in New York. The contentious and close vote between Icahn and founder Michael Dell over ownership of the computer giant is scheduled for tomorrow.
Carl Icahn today made an offer to sweeten his bid to return value to the company’s shareholders. With just a week to go, the deal shows no signs of having a clear outcome.
Institutional Shareholder Services came out in support of Michael Dell’s plan to take the computer company bearing his name private. A loss for the founder would also be a huge blow to the proxy advisory firm.
Michael Dell’s offer to buy his namesake computer company received a huge boost Monday when proxy advisory firm Institutional Shareholder Services recommended investors vote in favor of his $24.4 billion bid. A vote on the deal is scheduled for July 18.
For hedge funds engaged in proxy battles, taking to Twitter can get costly. Legal fees, on average, run around $2,000 per tweet.
Dell is trying to convince his investors to authorize a buyout of the company that would take it private. Here’s the rationale.
Carl Icahn, the 77-year-old billionaire activist investor, just joined Twitter. Will he tweet more than Warren Buffett?
Some of Wall Street’s top companies have come under fire from investors fed up with their current management and financial performance and agitating for change. Call it the golden age of the activist.
Don’t even pretend like you don’t know what an Animorph is.
Wait for it….
What were they thinking?
Dell has released photos of their first ever mini laptop, meant to be a low-cost alternative for developing countries. The third world is always getting all the cool gadgets! This one should also be available here in June, starting at $399 (according to speculation).
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