Advertisement
YOU ARE HERE: LAT HomeCollectionsCarl C Icahn
IN THE NEWS

Carl C Icahn

BUSINESS
August 31, 2007 | From Times Wire Services
Shareholders of WCI Communities Inc. elected billionaire Carl Icahn to the board of the struggling home builder, more than four months after management rejected his $22-a-share takeover bid.
Advertisement
BUSINESS
August 21, 2007 | From Times wire services
WCI Communities Inc., the condominium developer that put itself up for sale, reached agreement on a new board with billionaire investor Carl Icahn, its biggest shareholder. Icahn will nominate three candidates including himself, the Bonita Springs, Fla.-based company said. WCI and Icahn also will nominate candidates from Sandell Asset Management and S.A.C. Capital Advisors. The settlement ends Icahn's effort to oust the board and Chairman Don Ackerman.
BUSINESS
May 16, 2007 | From Times Staff and Wire Reports
Billionaire investor Carl Icahn cut his stake in Time Warner Inc. by almost half in the first quarter while adding shares of oil and railroad companies. Icahn's funds reduced holdings of New York-based Time Warner to 12.9 million shares from 25 million at the end of December, according to Securities and Exchange Commission filings. He bought 3.1 million shares of oil producer Anadarko Petroleum Corp. and 4.59 million shares of oil drilling-rig contractor Pride International Inc.
BUSINESS
May 8, 2007 | From Bloomberg News and Reuters
Billionaire investor Carl Icahn failed to win a seat on Motorola Inc.'s board after a three-month campaign in a victory for Chief Executive Ed Zander. The world's second-largest mobile-phone maker gave the preliminary results in a statement Monday after its annual meeting in Chicago and said the final tally might take a few weeks. Icahn had said Monday that he did not expect to win a seat on the Motorola board because three or four large mutual fund shareholders were likely to vote against him.
BUSINESS
May 3, 2007 | From Bloomberg News
Motorola Inc. said Carl Icahn lacked the commitment and seriousness needed to join its board, escalating a campaign against the billionaire investor's bid to become a director. Icahn views board membership as a "mere adjunct to his investing activity," Schaumburg, Ill.-based Motorola said in a letter to investors. Shareholders will vote Monday on Icahn's board nomination at their annual meeting. Icahn, who controls 2.
BUSINESS
March 14, 2007 | From Bloomberg News
Billionaire investor Carl Icahn bid $955.9 million for WCI Communities Inc. after saying he wanted to oust the board of the Florida condominium and single-family home builder because the stock was undervalued. The shares jumped $2.83, or 15%, to $21.80, the biggest gain since July 2002 and about 1% below Icahn's bid of $22 a share.
BUSINESS
March 13, 2007 | From Bloomberg News
Billionaire shareholder activist Carl Icahn increased his stake in Motorola Inc. and started a proxy fight for a board seat after demanding that the mobile phone maker return more of its cash to investors. Icahn, who owns 2.5% of the stock, submitted proxy materials for the Schaumburg, Ill.-based company's May 7 shareholder meeting in a regulatory filing. Motorola is reviewing the statement, a spokesman said.
BUSINESS
March 6, 2007 | From Bloomberg News
Motorola Inc. may be preparing for a fight to keep billionaire activist Carl Icahn off its board. "Mr. Icahn's nomination has not been endorsed by your board of directors," the company said March 2 in its notice for the 2007 shareholder meeting. "We urge stockholders not to sign any proxy card that you may receive from the Icahn entities." The comments suggest that Motorola may stand up against Icahn as he presses Chief Executive Ed Zander to use all of the company's $11.
BUSINESS
February 10, 2007 | From the Associated Press
Auto parts supplier Lear Corp. said Friday that it had agreed to a buyout offer by a group affiliated with billionaire investor activist Carl Icahn for about $2.8 billion, but it left the door open for a better offer. At least one major shareholder said he would try to get others who own stock to oppose the deal. Under the agreement, Icahn-controlled American Real Estate Partners would pay $36 a share; a Lear spokesman said that amounted to about $2.8 billion.
BUSINESS
February 6, 2007 | From Reuters
Activist investor Carl Icahn has made a $2.43-billion offer for auto parts supplier Lear Corp., the two parties said Monday. Icahn affiliate American Real Estate Partners said in a filing with the Securities and Exchange Commission that it offered to buy Southfield, Mich.-based Lear for $36 a share in cash. Lear shares surged $3.97, or 11.5%, to $38.64.
Los Angeles Times Articles
|