According to a report from the Wall Street Journal, billionaire activist investor Carl Icahn has sold more than 50% of his stake in Herbalife Nutrition Ltd for $600 million; he now plans on giving up the five seats held by… Read More ›
Carl Icahn
Occidental Petroleum Corp to name Stephen Chazen as chairman: WSJ
A report from the Wall Street Journal citing sources familiar with the matter at hand states, Occidental Petroleum Corp plans on naming former Chief Executive Officer Stephen Chazen as its new chairman. Provided discussions don’t fall apart, Chazen’s appointment is… Read More ›
Carl Icahn increases stake at Occidental Petroleum to nearly 10%
According to a report by the Wall Street Journal, activist investor Carl Icahn has increased his stake in Occidental Petroleum Corp to nearly 10% as he scales up his fight to take control over the oil producer. As of the… Read More ›
Carl Icahn sells a third of his shares in Occidental Petroleum
In an open letter letter to shareholders, activist investor Carl Icahn, who has been waging a bitter battle against Occidental Petroleum Corp’s $38 billion acquisition of Anadarko Petroleum, disclosed, he has cut his holdings in the company by nearly a… Read More ›
Occidental Petroleum Corp increases cash component of its bid, eliminates risk of voting down its bid
The strategic move, which essentially place Occidental Petroleum ahead of Chevron, risks a potential clash with Carl Icahn. In a significant development, Occidental Petroleum Corp increased the cash component of its $38 billion bid to acquire Anadarko Petroleum Corp thus… Read More ›
Casino operator Caesars Entertainment Corp appoints Anthony Rodio as its CEO
The development comes at a time when Caesars Entertainment has come under increasing pressure from activist investor Carl Icahn. On Tuesday, U.S. casino operator Caesars Entertainment Corp, which has been under pressure from activist investor Carl Icahn to sell itself,… Read More ›
Carl Icahn sues Dell Technologies over its IPO plans
No stranger to lawsuits, activist investor Carl Icahn has taken the legal route to stop Dell from going ahead with its IPO saying the deal does not value DVMT stockholders. In a strategic development, activist investor Carl Icahn has sued… Read More ›
Xerox Corp appoints John Visentin as its CEO
Following the scrapping of the $6.1 billion deal with Fujifilm Holdings Corp, Xerox’s outgoing CEO along with 5 of its directors are being replaced with a new management team. Setting July 31 as the date for its annual shareholder’s meeting,… Read More ›
Xerox ends deal with Fujifilm, settles row with Carl Icahn and Darwin Deason
Xerox found “material deviations” between the audited Fuji Xerox financial statements and unaudited statements that was provided to it earlier. In a significant development, Xerox Corp stated it was in the process of ending its planned $6.1 billion deal with… Read More ›
Activist investor Carl Icahn, Darwin Deason win appeal against Xerox Fujifilm merger
Xerox loses bid for quick appeal against merger with Fujifilm Holdings. As per a court filing, Xerox Corp has disclosed it has lost a bid for a quick appeal of a decision to block its deal with Fujifilm Holdings. The… Read More ›
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