Articles about Carl Icahn

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Carl Icahn: Will someone rid my portfolio of this rotten Apple?

Billionaire activist investor Carl Icahn has offloaded his Apple shares after the stock dropped below $100 a piece this week following the vendor's first sales slip in 13 years. The world's most valued tech company reported a 13 per cent drop in turnover to $50.6m for the three months ended 31 March, Apple's Q3 of fiscal '16 …
Katyanna Quach, 29 Apr 2016
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Apple threw its TV out the window after years of research: report

Apple spent ten years working on a television, but gave up last year after deciding it couldn't devise something that would crack the competitive market. So says The Wall Street Journal, which found folks familiar with the effort to explain that Cupertino tried to use tellies for video calls, to no avail. Does The Journal …
Simon Sharwood, 19 May 2015

Breaking news: Man with Apple shares really wishes they were worth even more

Apple's $603,580,000,000 market cap – the largest ever in history – isn't big enough for Carl Icahn. The activist investor said Thursday that Apple is UNDERVALUED, and CEO Tim Cook should do more to massively increase the stock price. Icahn, who owns 53 million shares in Apple, thinks the $101 stock price is too low, and he …
Shaun Nichols, 9 Oct 2014

Icahn and I DID: eBay volte-faces, spins PayPal into separate biz

eBay has spun off its PayPal subsidiary after months of telling “noisy” activist investor Carl Icahn to shut up about it because it would never happen. With absolutely no sense of irony or tip of the hat to Icahn whatsoever, the online tat bazaar’s chief John Donahoe said in a statement today that a strategic review of the …

eBay boss tells workers to ignore 'noisy' Icahn's PayPal sale campaign

eBay chief John Donahoe has warned employees to ignore Carl Icahn's "noise" about the board and the proposed spin-off of PayPal. Icahn has been engaged in a fierce campaign to convince the online bazaar to spin off the payments firm and has levelled allegations that the board isn't fit to make the decision, claiming conflicts …
Fawlty Towers

Apple cash stash dash results in Icahn v CalPERS bitchfight

Activist investor Carl Icahn has gone to war with the pensioners of California over his bid to get his grubby mitts on Apple's mammoth money pot. The moneyman wants Apple to launch a $50bn share buyback, which would give shareholders a profitable but brief payday. But the California Public Employees' Retirement System ( …
Jasper Hamill, 6 Feb 2014

Thanks for suggesting eBay should flog PayPal. It's not happening, CEO tells Carl Icahn

eBay has rejected a call from activist investor Carl Icahn to spin off its PayPal division into a separate company. John Donahoe, chief exec of the online marketplace, said that he had spoken with Icahn but the board and management believed that eBay and PayPal would do better if they stayed together. "The synergies are clear …

Icahn rallies the troops to pump Apple for cash at next shareholder meeting

Wall Street tycoon Carl Icahn hasn't given up on his quest to have Apple return some of its $150bn cash stockpile to investors, and he now wants Cupertino's shareholders to vote on the idea. Icahn has spent the last few months pestering Apple CEO Tim Cook to spend the company's cash reserves on a stock buyback program that …

Carl Icahn broadcasts his $150bn Apple shakedown effort to world+dog

Activist investor Carl Icahn has reiterated his recommendation to Apple CEO Tim Cook that Cupertino blow $150bn to buy back company stock, and this time he has shared his reasoning with world+dog. "We find it difficult to imagine why the board would not move more aggressively to buy back stock by immediately announcing a $150 …
Rik Myslewski, 24 Oct 2013

Peak Apple? HOGWASH! Apple is 'extremely undervalued,' says Icahn

Ever one to keep multiple irons in the fire, corporate raider activist investor Carl Icahn has announced via Twitter that he has taken a major position in Apple, a stock he says he considers "extremely undervalued." Bloomberg reports that the billionaire's share of the fruity firm amounts to more than $1bn, which sources claim …
Neil McAllister, 14 Aug 2013
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Michael Dell accuses Icahn of using court as takeover tool

Michael Dell has accused Carl Icahn of filing "undefined" legal action solely as a tool to help him take over Dell, and said the investor was "grandstanding" in a bid to stop the company from going private. In a court filing, Michael Dell said the action was "just another soapbox for Mr. Icahn's public spat," and a tactic …
Iain Thomson, 8 Aug 2013
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Icahn sues Dell's board over Big Mike's buyout bid

Activist investor Carl Icahn and his affiliates have filed a legal complaint against Dell and its board members in his latest attempt to thwart Big Mike's efforts to regain control of the PC behemoth. Icahn filed in Delaware's Court of Chancery on a number of counts. One of these is a request for the court to to stop Michael …
Dell chairman and CEO, Michael Dell

Dell buy-out latest: Big Mike makes shareholders an offer they can't refuse

Dell has once more put off the vote on whether company founder Big Mike can buy out the PC-making titan - after he and his biz partner Silver Lake Partners slightly upped their offer to shareholders and demanded a change to the voting rules. The computer giant's special board committee postponed the stockholder vote on Mikey …
Dell chairman and CEO, Michael Dell

Dell warns stockholders that Icahn's plan would 'hamstring' company

The battle for control of Dell between the company's eponymous founder and investor Carl Icahn is in its endgame, with both sides making last-ditch attempts to win over stockholders for Thursday's vote on Michael Dell's plans to take the firm private again. That's if the vote happens, of course. Several media outlets have …
Iain Thomson, 17 Jul 2013
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Big Mike's big package oughta be enough for Dell investors - report

Tech tycoon Michael Dell and private equity partner Silver Lake won't sweeten their $24.4bn offer to take PC maker Dell private, whisper industry insiders. Those sources, who apparently have direct knowledge of the situation, let Bloomberg know that Big Mike and Silver Lake aren't going to up their bid - and that's because the …
Dell chairman and CEO, Michael Dell

Michael Dell: 'Cash in your shares, we are in a mess'

Dell is such a risky bet that it's a wonder shareholders invested their hard-earned cash in the stock in the first place. At least that is the impression given by Texan Mike, who outlined the challenges of remaining a PLC in an SEC filing as he steps up efforts to woo investors weeks before they vote on his $13.65 per share …
Paul Kunert, 21 Jun 2013
Dell logo in crosshairs

Wannabe Dell owner Icahn's buyout blueprint blasted by board bods

Dell's special task force - set up to oversee the sale of the tech titan to private hands - has claimed wannabe owner Carl Icahn still hasn't shown them the colour of his money. The team said there had been "no financing nor any commitment" from the activist shareholder and his pals to buy the PC and server giant outright. …
Paul Kunert, 20 Jun 2013
Dell logo in crosshairs

Icahn doubles down on Dell offer with $14 per share buyback scheme

With exactly a month to go before the special meeting of Dell shareholders that could decide the company's fate, investor Carl Icahn has increased the pressure for a better deal for shareholders – chiefly himself. In an open letter to Dell shareholders, Icahn said that he has now purchased 72 million shares of Dell stock from …
Iain Thomson, 19 Jun 2013

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