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Hedge Funds Carl Icahn

  • Dec 15- Activist investor Carl Icahn on Friday stepped up its fight against SandRidge Energy Inc's plan to buy a rival, urging fellow stockholders to vote against the oil and gas company's plan to issue shares for the $746 million deal. Icahn, SandRidge's biggest shareholder with a 13.5 percent stake, has called the offer worth $19.20 per share in cash and $16.80...

  • Dec 15- Activist investor Carl Icahn on Friday urged SandRidge Energy Inc's stockholders to vote against the oil and gas company's plan to issue shares for its proposed acquisition of Bonanza Creek Energy. Icahn, SandRidge's biggest shareholder with a 13.5 percent stake, has called SandRidge's $746 million offer $19.20 per share in cash and $16.80 in stock...

  • WILMINGTON, Del., Dec 14- Delaware's Supreme Court ruled on Thursday that a lower court erred in finding that the 2013 buyout of computer maker Dell Inc was vastly underpriced, in an opinion that will likely restrict a hedge fund strategy aimed at wringing cash from mergers. Last year, a Delaware Court of Chancery judge ordered Dell to pay Magnetar Capital and other...

  • Dec 12- Activist investor Carl Icahn said on Tuesday Xerox Corp "desperately" needed new leadership, arguing that the printer manufacturer was slow to launch new products and grow revenue. Icahn's remarks, in an open letter to Xerox shareholders, come a day after he named four nominees to the company's board of directors. The nominations followed the resignation...

  • Dec 12- Activist investor Carl Icahn on Tuesday called for new leadership at Xerox Corp, the maker of printers and copiers, a day after he named four nominees to the company's board of directors.

  • The animated flick earned $18.5 million this weekend, and the only new wide release, "Just Getting Started" starring Morgan Freeman, opened in 10th place with a lackluster $3.2 million. Holdovers mostly populated the top five, with " Justice League" in second place with $9.7 million, "Wonder" in third with $8.4 million, and "Thor: Ragnarok" in fifth place with $6.3 million.

  • Dec 11- SandRidge Energy Inc on Monday pushed back against activist investors Carl Icahn and Fir Tree Partners' attack on the oil and gas producer's proposed $746 million acquisition of rival Bonanza Creek Energy Inc.. It also said it would expect to have greater than $300 million in liquidity at the deal's closing through a planned $700 million credit...

  • Carl Icahn speaking at Delivering Alpha in New York on Sept. 13, 2016.

    CNBC's Kate Rogers reports that according to Wall Street Journal, billionaire investor Carl Icahn is seeking to change management at Xerox.

  • Dec 11- SandRidge Energy Inc on Monday pushed back against activist investors Carl Icahn and Fir Tree Partners' attack on the oil and gas producer's proposed $746 million acquisition of rival Bonanza Creek Energy Inc.. Fir Tree, which holds about 8.3 percent of SandRidge shares, has described the bid as providing an "unjustified premium." SandRidge shares were up...

  • Dec 11- Wall Street was set to open higher on Monday, recovering from a brief pullback in stock futures after reports of an explosion in New York's busy Port Authority commuter hub. Local news channel WABC cited police sources as saying a possible pipe bomb detonated in a passageway below ground at Port Authority. But it's never enough to really rout a stock market...

  • The resignation of Jonathan Christodoro, a former managing director of Icahn Capital LP, ended a standstill arrangement the company and the Icahn Group agreed on in June 2016 and allowed Icahn to make his nominations, Xerox said. Christodoro, a Xerox's board member since June last year, told Xerox's chairman in a letter that he was one of the four Icahn...

  • Activist investor Carl Icahn has named four nominees to Xerox's board of directors, the company said on Monday.

  • Xerox said Jonathan Christodoro, a former managing director of Icahn Capital LP, had resigned from its board, ending a standstill arrangement between the company and the Icahn Group and allowing Icahn to make his nominations.

  • Disney estimated Sunday that "Coco" added $18.3 million, which would bring its domestic total to $135.5 million. Warner Bros. and DC's " Justice League" took second place with $9.6 million and Lionsgate's sleeper hit "Wonder," which has now passed $100 million, placed third with $8.5 million. Warner Bros. also crossed the $2 billion benchmark domestically Saturday—...

  • HOUSTON, Dec 1- Activist investor Carl Icahn has stepped up his attack on SandRidge Energy Inc's proposal to buy a rival oil-and-gas producer, taking aim at the company's top executives and calling for a release of records on the deal and executive pay, according to a regulatory filing on Friday. Several other SandRidge holders including Fir Tree Partners, which...

  • Icahn seeks to investigate the compensation of SandRidge's senior management, including Chief Executive James Bennett, the proposed acquisition of Bonanza Creek and the recent poison pill plan laid out by SandRidge, according to the filing. "These requests are common in these types of situations and we will address it in due course", a SandRidge spokeswoman...

  • Dec 1- Activist investor Carl Icahn has asked to inspect certain books and records of SandRidge Energy Inc, according to a regulatory filing on Friday, a day after he called the company's bid for Bonanza Creek Energy Inc "value-destroying". SandRidge offered to buy Bonanza Creek for $746 million to expand its presence in the Denver-Julesburg Basin of Colorado.

  • Dec 1- Activist investor Carl Icahn has asked to inspect certain books and records of SandRidge Energy Inc, according to a regulatory filing on Friday. Icahn seeks to investigate the compensation of SandRidge's senior management, the proposed acquisition of Bonanza Creek Energy Inc and the recent poison pill plan laid out by SandRidge, according to the filing.

  • A farmer unloads harvested corn in Marshall, Missouri.

    The Environmental Protection Agency left a renewable fuel program largely unchanged, with neither supporters nor critics fully satisfied.

  • Traders work on the floor of the New York Stock Exchange (NYSE) at the closing bell, November 30, 2017 in New York City. On Thursday afternoon, the Dow closed at over 24,000 points for the first time in its history.

    The stock market hit record highs on Thursday, but expert Hank Smith isn't concerned about it getting carried away.