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BUSINESS
June 22, 2002 | Dow Jones/Associated Press
Morton's Restaurant Group Inc. said it would call off its deal with Castle Harlan and accept a bid from financier Carl Icahn, who had sweetened his offer for the firm by 11% to $63 million. The decision may signal the end of a contentious battle for the New Hyde Park, N.Y., steakhouse chain. On Wednesday, Icahn boosted his offer for Morton's to $15 a share from $13.50, two days after Castle Harlan boosted its offer to $13.50 from $12.60, matching Icahn's original offer.
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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
July 24, 2002 | Dow Jones/Associated Press
The bitter battle over Morton's Restaurant Group Inc. ended when shareholders accepted Castle Harlan Inc.'s offer to acquire the company, snubbing an offer from billionaire financier Carl Icahn. The Morton's board agreed last week to accept Castle Harlan's sweetened offer after the private New York buyout firm matched a bid of $71.2 million from a group led by Icahn. Castle Harlan increased its bid four times because of bids by Icahn. Morton shares were unchanged at $16.95 on the NYSE.
BUSINESS
May 17, 1988 | DONALD WOUTAT, Times Staff Writer
Texaco said Monday that it has entered negotiations with its largest shareholder, TWA Chairman Carl C. Icahn, and indicated that they are discussing a financial settlement that would remove Icahn from Texaco's picture. In a brief statement issued late in the day, Texaco said it and Icahn are "engaged in discussions seeking to resolve their differences without continuing a proxy contest." A battle for five board seats has been expected at the firm's June 7 shareholder meeting.
BUSINESS
February 27, 2012 | By Wailin Wong
Motorola Solutions Inc. has bought back $1.2 billion of its shares from Carl Icahn, reducing the stake of a long-time investor who has asserted his influence over the company in recent years. The Schaumburg-based company said Monday it purchased 23.7 million shares of its common stock at $49.15 apiece, using funds that are part of an existing $3 billion stock repurchase program. The agreement with Icahn also involved the resignation of board member Vincent Intrieri, an executive at Icahn's investment entities.
BUSINESS
June 4, 2008 | From the Associated Press
Outraged by new details about Yahoo Inc.'s efforts to complicate Microsoft Corp.'s takeover bid, activist investor Carl Icahn says he believes Yahoo's board will have to be fired to lure Microsoft back to the bargaining table. Icahn said in a Tuesday interview with the Wall Street Journal that Microsoft was unlikely to renew its courtship as long as Yahoo Chief Executive Jerry Yang and the company's eight other directors remain on the job. "I'm very cynical about many of the boards and CEOs in this country, but even I am amazed at the lengths that Jerry Yang and the board went to entrench themselves in this situation," Icahn told the Journal.
BUSINESS
October 12, 2005 | From Associated Press
Billionaire investor Carl Icahn stepped up his campaign for changes at Time Warner Inc. on Tuesday, issuing a letter to shareholders accusing the company's executives of mismanagement and demanding new shareholder representation on the board. Icahn has already urged the company to step up its share buyback program to $20 billion from $5 billion as a way to lift the company's sluggish stock price.
BUSINESS
May 7, 1990 | From Associated Press
Carl Icahn took his battle with USX Corp. management to the company's annual meeting today, but the corporate raider conceded that his plan to split the steel-energy giant in two could fail. Icahn, USX's biggest shareholder, disclosed the pessimism as he urged other stockholders to approve his proposal for separating the company's healthier Marathon Oil Co. subsidiary from its laggard U.S. Steel business.
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
April 26, 1985
Despite an announcement that shareholders appeared to have narrowly voted to protect the current management of Uniroyal, corporate raider Carl C. Icahn remained optimistic. "So far, they've only announced preliminary results," Icahn said. A two-thirds vote was required to approve the proposals, which included staggered terms for the company's 12 directors and a "fair price" amendment requiring that all shareholders receive the same price per share under the same terms in the event of a
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