May 17, 1988 |
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.
September 23, 2005 |
Billionaire financier Carl Icahn, who is pushing for changes at Time Warner Inc., said Thursday that Chief Executive Richard Parsons' plan to fix America Online won't lift the company's stock price. "I agree AOL is undervalued, but that's not enough," said Icahn, who is demanding that Time Warner expand a planned buyback of shares and spin off the company's cable TV unit.
June 4, 2008 |
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.
October 12, 2005 |
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.
May 7, 1990 |
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.
March 14, 2007 |
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.
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
February 12, 2008 |
Billionaire investor Carl Icahn bought a 3% stake in Alliance Data Systems Corp., the Dallas-based credit card processor whose acquisition by Blackstone Group has been held up by regulatory issues. Icahn holds 2.15 million shares including options, according to a filing with the Securities and Exchange Commission. Icahn may seek to discuss Blackstone's $6.6-billion bid with the Alliance management, the filing said. Blackstone, the New York-based leveraged buyout firm, said last month that the deal had been delayed because federal bank regulators want it to commit $400 million in financing if Alliance Data's credit card bank runs into trouble.
February 27, 2012 |
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.
August 19, 2005 |
Financier Carl Icahn said Thursday that he had a "productive" discussion with Richard Parsons, the chief executive of Time Warner Inc., concerning Icahn's ideas for lifting the value of Time Warner's stock.