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It seems these days you can’t pick up the newspaper or read an online news report without running into a big story involving Carl Icahn.
For example, Icahn just made headlines by agitating for changes at Biogen [BIIB
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]. Icahn has been a proponent of selling the company and previously accused executives of rigging a prior sale attempt so it would fail. Biogen has denied the allegation.
When Mr. Icahn wants to set the record straight he turns to Fast Money. Following is a synopsis of what he told us about Biogen as well as some of his other dealings:
Biogen
Icahn reveals that he's hopeful for a merger.
“I hope (a buy out) is in our future if we get a good enough price. I believe strongly that Big Pharma is going to take these (biotech) companies over."
And he candidly reveals what's standing in the way. "I think the egos of the guys who run the biotech companies stand in the way.” He also didn't hold back his hard feelings about the firms management, “we are not happy with the CEO or the board.”
”I really believe it could have been sold and should have been sold two years ago. It’s a great company and has a great pipeline.. and it’s a perfect match for a large pharmaceutical company.”
Icahn didn’t want to get into pricing but did tell us “it should be a large premium over where it’s trading now.”
Yahoo!
We couldn’t get much out of him on Yahoo! [YHOO
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] but he did tell us, “I think Yahoo! has a good CEO. Carol Bartz seems very good."
Apple
Internet reports suggested that Icahn was gunning for Apple [YHOO
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] but those reports were later written off as an April Fools hoax. We asked Icahn and he told us plainly, “I don’t have my sights on this company.”
Casino Stocks
Icahn thinks there's money to be made from their debt.
“I think there are some senior securities that are very cheap and Vegas is a good example of it. And if you’re strong and you own their debt you can do very well looking ahead 3 or 4 or 5 years because these things are inordinately cheap. But I also think a lot of the equity will be completely wiped out.”
United Shareholders of America
As you may know Carl Icahn is on a crusade to help shareholders assert their rights. And he invites you to join him. You can find out more about this initiative on his website The Icahn Report or just click here.
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Trader disclosure: On Apr 8th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Macke Owns (WFC), (AAPL), (WMT), (SDS), (GS), (GE) ; Seymour Owns (AAPL), (BAC), (BX), (EEM), (FCX), (FXI), (RIO) ; Karabell Owns (AAPL), (CSCO), (FCX), (FXI), (GOOG), (GLD), (JPM), (NOK); Najarian Owns (APPL), (BAC), (C), (TCK), (NTAP), (CPN); Najarian Owns (AXP) Calls, (BIIB) Calls, (HUM) Calls, (JPM) Calls, Najarian Owns (V) Calls
CNBC.com with wires





