Activist investor Carl Icahn has taken an 8.48 percent stake in Hertz, according to Securities and Exchange Commission filings.» Read More
NEW YORK— Activist investor Carl Icahn has taken an 8.5- percent stake in Hertz, which would make him the rental car company's biggest shareholder. In a form filed with the Securities and Exchange Commission, Icahn said he plans to have discussions with representatives of Hertz's management and board and may seek representation on the board of directors.
SAN FRANCISCO— Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs.
Icahn has pushed Family Dollar to sell itself to Dollar General and has been openly critical of Family Dollar Chief Executive Howard Levine, who would have retained his position after an acquisition by Dollar Tree.
Dollar General made a competing bid for Family Dollar on Monday trumping the offer by Dollar Tree. Icahn Enterprises Chairman Carl Icahn, says he had a friendly dinner with Family Dollar Chief Executive Howard Levine and some of his board, in which the company claimed Icahn is to blame Dollar General wasn't interested.
1. "Teenage Mutant Ninja Turtles," Paramount, $28,523,147, 3,980 locations, $7,167 average, $117,765,383, 2 weeks. 3. "Let's Be Cops," 20th Century Fox, $17,813,722, 3,094 locations, $5,758 average, $26,220,986, 1 week. 5. "The Giver," The Weinstein Company, $12,305,016, 3,003 locations, $4,098 average, $12,305,016, 1 week.
CNBC's David Faber provides insight on Dollar General's bid for Family Dollar. Faber explains why he expects the deal to be rejected by Family Dollar at first.
CNBC's Jim Cramer discusses Dollar General's offer to buy rival retailer Family Dollar in a transaction valued at $9.7 billion.
Aug 18- Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc, to strengthen its position as the No. 1 U.S. discount retailer. Both Dollar General and Dollar Tree have some capacity to go a little bit higher with the offer price, " Telsey Advisory Group analyst Joseph Feldman said.
Aug 18- Discount retailer Dollar General Corp offered to buy Family Dollar Stores Inc for $8.95 billion, trumping an offer by Dollar Tree Inc.. Dollar General's offer of $78.50 per share in cash represents a premium of 3.2 percent to Family Dollar's Friday close.
Dollar General, the nation's largest dollar-store chain, started a bidding war on Monday when it offered approximately $8.95 billion for rival Family Dollar. It was an attempt to trump Dollar Tree, which agreed to acquire Family Dollar for $8.5 billion made last month.
NEW YORK— Moviegoers continued to shell out for "Teenage Mutant Ninja Turtles," while Sylvester Stallone's action ensemble "The Expendables 3" was easily out-gunned in its weekend debut.
Gannett Co. Inc. announced plans to split off its print division before activist investor Carl Icahn could start pushing the media company in that direction, according to a recent regulatory filing. Companies controlled by Icahn have accumulated a collective 6.63 percent stake in Gannett.
NEW YORK, Aug 14- Activist investor Carl Icahn reported a 6.6 percent stake in Gannett Co Thursday and revealed that he planned to push the media company to split into separate print and broadcast firms before Gannett beat him to it, a regulatory filing showed.
Activist investor Carl Icahn reported a 6.6 percent stake in Gannett on Thursday, a regulatory filing showed.
Aug 14- Top U.S. hedge fund managers did some shopping for shares of discount retailer Dollar General Corp and drug store operator Walgreen Co in the second quarter.
NEW YORK, Aug 14- Activist investor Carl Icahn reported a 6.6 percent stake in Gannett Co on Thursday, saying his firm took the stake on the view that splitting the media company into separate print and broadcast firms could create value, a regulatory filing showed Thursday.
Traders attempt to decipher whether the bond market or the stock market is sending the right signal, with the release several key reports Friday.
Carl Icahn has his sights set on splitting up Gannett Co.
Daniel Loeb's Third Point added 1 million shares of Dollar General, raising his stake by 33 percent, while Blue Ridge Capital, founded by Tiger Cub John Griffin, nearly doubled its stake in Walgreen when it bought 2.8 million shares.
Megan Colligan, Paramount's head of domestic marketing and distribution, said the success of the "Ninja Turtles" reboot was mostly derived from a pair of distinctly different audiences: men who fondly remembered the 1980 s and' 90 s franchise that spawned a cartoon series, toy line and a live-action film trilogy, and youngsters familiar with a newer Nickelodeon animated TV series.