Tag: Icahn


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Pep Boys shares surge as Carl Icahn takes 12.12% stake

Pep Boys shares surge as Carl Icahn takes 12.12% stake

Activist investor Carl Icahn on Friday disclosed a 12.12% stake in Pep Boys-Manny Moe & Jack and called for a sale of the auto parts retailer to Auto Plus, a company owned by his Icahn Enterprises LP. Icahn said he will continue to discuss a strategic combination between Pep Boys and Auto Plus but could […]

December 6, 2015 | By | Reply More
Icahn acquires stake in Manitowoc, seeks splitup

Icahn acquires stake in Manitowoc, seeks splitup

Dec 29 (Reuters) – Activist investor Carl Icahn reported a 7.77 percent stake in Manitowoc Co Inc, and said he intended to seek a split of the company’s cranes and food-service equipment businesses. Reuters: Mergers News

December 29, 2014 | By | Reply More
Reuters Summit: Icahn expects major stocks correction in three to five years

Reuters Summit: Icahn expects major stocks correction in three to five years

By Svea Herbst-Bayliss and Jennifer Ablan REUTERS – Carl Icahn isn't forecasting a dramatic stock market drop quite yet, but the billionaire investor is still bracing for an equity sell-off in the next three to five years, he told Reuters on Monday. "I am still concerned that one day you'll see a break like you […]

November 17, 2014 | By | Reply More
Icahn asks Apple to make a tender offer

Icahn asks Apple to make a tender offer

Activist investor Carl Icahn asked Apple to accelerate its share repurchases on the belief that the company is undervalued. U.S. Top News and Analysis

October 9, 2014 | By | Reply More
Carl Icahn says ‘time to be cautious’ on U.S. stocks

Carl Icahn says ‘time to be cautious’ on U.S. stocks

Billionaire activist investor Carl Icahn said on Thursday that it is time for U.S. stock market investors to tread carefully after the run-up on Wall Street. "In my mind, it is time to be cautious about the U.S. stock markets," Icahn said in a telephone interview. On Thursday, Family Dollar said its profit fell by […]

July 10, 2014 | By | Reply More
Family Dollar’s Lost Way Leads Levine into Hands of Peltz, Icahn

Family Dollar’s Lost Way Leads Levine into Hands of Peltz, Icahn

Updated from Wednesday, July 9, with Family Dollar’s fiscal third-quarter earnings and sales and fourth-quarter forecast, which were released early Thursday.NEW YORK (TheStreet) — “[W]e lost our way,… [W]e lost our core focus.” That was the confession of Family Dollar CEO Howard Levine at an investor conference in late April. Roughly two months later, Carl […]

July 10, 2014 | By | Reply More
Family Dollar’s Lost Way Leads Levine into Hands of Peltz, Icahn

Family Dollar’s Lost Way Leads Levine into Hands of Peltz, Icahn

Updated from Wednesday, July 9, with Family Dollar’s fiscal third-quarter earnings and sales and fourth-quarter forecast, which were released early Thursday.NEW YORK (TheStreet) — “[W]e lost our way,… [W]e lost our core focus.” That was the confession of Family Dollar CEO Howard Levine at an investor conference in late April. Roughly two months later, Carl […]

July 10, 2014 | By | Reply More
Carl Icahn: Family Dollar should put itself up for sale right away

Carl Icahn: Family Dollar should put itself up for sale right away

NEW YORK (MarketWatch) — After what he described as a cordial dinner Wednesday night with Family Dollar Stores Inc.’s Chief Executive Howard Levine, activist investor Carl Icahn said in a letter to Levine on Thursday that they have “a strong difference of opinion” as to the future of the company. Icahn recently disclosed a 9.4% […]

June 19, 2014 | By | Reply More
Icahn becomes largest shareholder in Family Dollar Stores

Icahn becomes largest shareholder in Family Dollar Stores

Shares of Family Dollar, struggling under declining sales, rose as much as 12 percent in extended trade on Friday. At 10.69 million shares, Icahn becomes the largest shareholder in Family Dollar. Activist investor Nelson Peltz-led Trian Partners is the third-largest shareholder with a 7.35 percent stake and 8.37 million shares in Family Dollar, according to […]

June 7, 2014 | By | Reply More
FBI, SEC probe Icahn, Mickelson: WSJ

FBI, SEC probe Icahn, Mickelson: WSJ

The FBI and securities regulators are investigating Carl Icahn, golfer Phil Mickelson and gambler Billy Walters, the WSJ and NYT reported. U.S. Top News and Analysis

May 31, 2014 | By | Reply More