Carl Icahn
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Dell Inc. tells suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself.
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*Blackstone withdrawal removes obstacle to Michael Dell takeover. *Michael Dell's $24.4 bln offer could still face opposition. April 19- Blackstone Group LP has ended its pursuit of Dell Inc, easing the way for founder Michael Dell and his private equity partner Silver Lake to go ahead with a $24.4 billion deal to acquire the world's No. 3 PC maker.
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April 18- Blackstone Group LP has ended its pursuit of Dell Inc, two sources familiar with the matter told Reuters, paving the way for private equity house Silver Lake and company founder Michael Dell to buy out the world's No. 3 PC maker. Billionaire Carl Icahn has also taken a significant stake in the company and opposes Michael Dell's effort.
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NEW YORK, April 16- Dell Inc's board is bending over backward to prevent any appearance of conflicts of interest as founder and Chief Executive Michael Dell tries to lead a buyout of the world's No. 3 PC maker.
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CNBC's David Faber reports Dell is in a deal to cap Icahn's stake at ten percent.
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April 16- Billionaire investor Carl Icahn has agreed to limit his investment in Dell Inc and in return can team up with other shareholders on a potential bid for the personal computer maker, Dell said on Tuesday.
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The agreement with Icahn states that the activist investor would not make purchases that would cause him to own over 10 percent of Dell's shares or sign deals with other shareholders who, together with the Icahn entities, would collectively own more than 15 percent, Dell said on Tuesday.
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Herbalife has already provided one of the best stock market dramas in years. Now, through no fault of its own, it could become a catalyst for change in the auditing profession. The NYT reports.
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NEW YORK, April 11- As investors Carl Icahn and William Ackman bickered loudly on TV earlier this year about their opposing bets on Herbalife, two other men were discussing the company in a different context: getting non-public information to trade ahead of the stock's next move.
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*Herbalife shares close down, Skechers close higher. The two California- based companies- nutritional products group Herbalife Ltd and footwear maker Skechers USA Inc- said separately on Tuesday that KPMG had quit as their auditor in connection with the leaks.
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The companies- nutritional products group Herbalife Ltd and footwear maker Skechers USA Inc- said separately that KPMG had quit as their auditor in connection with alleged leaks of nonpublic information. Shares of Herbalife were down 4.1 percent at $36.81 and Skechers shares were up 2.6 percent at $22.07 on Tuesday afternoon.
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April 9- KPMG resigned as the auditor of Herbalife Ltd after one of its senior partners engaged in insider trading in Herbalife stock, the nutritional products company said on Tuesday.
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April 9- Southeastern Asset Management, the activist investor that owns 8.4 percent of Dell Inc, said on Tuesday the computer maker's evaluation of a $24.4 billion leveraged buyout deal with its founder and buyout firm Silver Lake was flawed.
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April 9- Southeastern Asset Management, the activist investor that owns 8.4 percent of Dell Inc, said on Tuesday that the computer maker's evaluation of a $24.4 billion leveraged buyout deal with its founder and buyout firm Silver Lake was flawed.
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Aggressive shareholders such as Carl Icahn, Nelson Peltz and Ralph Whitworth, who agitate for change at companies they believe to be sub-par, are increasingly getting a hearing with institutions ranging from the most staid mutual fund to the state-run pension fund.
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April 9- KPMG will resign as the auditor of Herbalife Ltd after a KPMG partner was fired for leaking nonpublic information on companies the firm audited, the New York Times reported on Tuesday, citing an unnamed source. Herbalife shares were halted, and the company did not return multiple requests for comment.
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CNBC's Scott Wapner fills in the details on the resignation of KPMG as Herbalife auditor; and CNBC's Kate Kelly reports why a short play may not be necessary on the stock. Also, an update on why Herbalife has stopped trading, with CNBC's Herb Greenberg.
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CNBC has been told by a source that KPMG's resignation as auditor to Herbalife is unrelated to the battle over the stock between investors Bill Ackman and Carl Icahn.
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CNBC's Scott Wapner wonders if activist investor Carl Icahn will be impacted by news Herbalife shares have stopped trading and talks about potential fallout for hedge fund manager Bill Ackman.
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Last November, CalSTRS teamed up with Ralph Whitworth's Relational Investors LLC to urge for a breakup of diversified manufacturer Timken Co, the first time the California pension plan has participated in this kind of activism.
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Another story that has caught CNBC's Herb Greenberg's eye. A close look at Carl Icahn's passive stake in Nuance. "Nuance is hooked on takeovers, and the company has a monopoly in voice recognition" he says.