Activist investor Carl Icahn has taken an 8.48 percent stake in Hertz, according to Securities and Exchange Commission filings.» Read More
Carl C. Icahn is returning all outside money in his hedge fund, citing his reluctance to be responsible to investors through another possible crisis. The New York Times reports.
Billionaire investor Carl Icahn is extending an offer for power producer Dynegy for a final time. Icahn Partners LP says its offer for the Houston company will expire Friday.
Shares of Clorox jumped almost 9 percent Friday after billionaire investor and corporate raider Carl Icahn revealed a 9.08 percent ownership in the stake and said he thinks the stock is undervalued.
Blockbuster is preparing to sell itself after failing to secure more cash from creditors to exit bankruptcy protection, according to a report that appeared in The Wall Street Journal Thursday.
Rumors that activist investor Carl Icahn may be interested in this stock, "DRJ" said options skyrocketed.
After activist investor Carl Icahn raised his stake in this stock, "DRJ" said options took off.
Lionsgate's annual shareholder meeting yielded a big win for the studio — all 12 of its directors were elected and none of Icahn's five nominees.
Lionsgate's battle with Carl Icahn comes to a head Tuesday at the company's annual shareholder meeting and today Icahn made a major decision to pull his $7.50 takeover offer for the company.
Another 17 individuals or families have joined Warren Buffett's "Giving Pledge," including the 26-year-old co-founder and CEO of Facebook. Mark Zuckerberg's youth contradicts with the more familiar image of a wealthy person turning to philanthropy later in his or her life. Zuckerberg asks, "Why wait?"
Activist investor Carl Icahn and Lions Gate Vice Chair Michael Burns had harsh words for one another on Tuesday's "Fast Money."
It appears Blackstone will not succeed in its buyout attempt of Dynegy, the Houston energy company specializing in power plant operations.
As Lionsgate continues its battle with Carl Icahn and its push to merge with MGM, it reported that it swung to a second quarter loss. The studio announced its earnings after the bell Tuesday — a net loss of 22 cents per share, down from a net profit of 26 cents per share in the year-earlier quarter, and 25 percent higher revenue of $456.3 million.
Lions Gate is offering to combine its business with MGM in a deal supported by billionaire investor Carl Icahn, who owns stakes in both studios.
Blockbuster failed to update its brick-and-mortar model to compete in the fast-paced digital age, and it's been trounced by Netflix and Redbox.
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Billionaire investor Carl Icahn invested in the energy sector in the second quarter even while pursuing more high-profile targets like Motorola and Lions Gate Entertainment, according to a regulatory filing Monday.
Lionsgate stock gained 3.9 percent today as it was added to the Russell 2000 index, effective as of the end of trading. The company's shares finished the week at $7.27, which is notable, considering that Carl Icahn's tender offer is priced at $7 a share. Icahn controls 31.8 percent of shares (as of his tender deadline last Wednesday).
Today he announced he's extended his $7 a share tender offer for Lionsgate—for the third time. Instead of expiring this evening, his tender offer will now expire at 8 pm on June 1. This comes just days after Lionsgate and Icahn sat down for talks on alternative options, talks that don't seem to have gone anywhere.
This is just the latest in the ongoing battle between the movie studio and Carl Icahn, who's attempting to take the company over for $7 a share. After facing a major setback last week Icahn isn't giving up without a fight.
The ongoing battle between corporate raider Carl Icahn and Lionsgate has yielded yet another update. The movie studio issued a release saying that its shareholders rejected Icahn's offer to buy the company's common shares for $7 per share.