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Brendan McDermid/Reuters Carl Icahn has agreed to sell auto parts maker Federal-Mogul to Tenneco for $ 5.4 billion. Tenneco will pay $ 800 million in cash and 29.5 million of its common shares, in addition to taking on debt. (Reuters) – Activist investor Carl Icahn said on Tuesday he was selling auto parts maker Federal-Mogul to Tenneco Inc <TEN.N> in […]
Brendan McDermid/Reuters Pershing Square exited from its $ 1 billion short position on Herbalife. The firm’s Bill Ackman got into a public spat with famed investor Carl Icahn, who’s bullish on the stock. Icahn is now gloating for being right. Billionaire investor Carl Icahn is reveling in his victory over Pershing Square’s Bill Ackman. […]
Thomson Reuters Xerox Corp’s plan to sell itself to Japan’s Fujifilm Holdings has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $ 6.1 billion deal. Masayuki Otani, chief market analyst at Securities Japan, said that Xerox and Fujifilm have limited options in terms of addressing Icahn’s and […]
WASHINGTON – A Democratic U.S. senator on Wednesday urged the FBI to investigate whether billionaire investor Carl Icahn broke the law when he called for biofuels policies that would have benefited his investments while serving as an adviser to President Donald Trump. Senator Tammy Duckworth said Icahn’s guidance to Trump on the federal biofuel program […]
Dealbook Conference Hours after billionaire investor Carl Icahn said he would no longer be advising President Trump, The New Yorker dropped a lengthy story on his efforts to change a policy that hurt a company he is invested in. The story, by Patrick Radden Keefe, said that Icahn could be in “legal jeopardy.” “He’s walking right into possible criminal […]
