The agreement could put an end to a bitter fight over Occidental’s ill-timed purchase of rival Anadarko Petroleum last year, a bet on the continued growth of U.S. shale. After closing that deal, the market turned against Occidental, with oil prices diving more than 60% this year as the global coronavirus outbreak cut oil demand […]

An activist investor Carl Icahn has increased his stake in Occidental Petroleum Corporation (NYSE: OXY) to 10%, the Wall Street Journal reported Wednesday.What Happened Icahn held about 2.5% stake in the oil company at the end of 2019 but recently increased his stake as Occidental's shares dropped following the wider dip in oil prices.The Icahn […]

Icahn, who held a roughly 2.5% stake in Occidental as of end-2019, has previously criticized its $38 billion deal for rival Anadarko Petroleum as a misplaced bet on oil prices rising, and has promised a proxy fight to win control of the company.

(Bloomberg) — Xerox Holdings Corp.’s largest shareholder made a suggestion as the printer maker was preparing to go public with its takeover offer for HP Inc. in November: buy us instead.Activist investor Carl Icahn raised the idea of HP acquiring Xerox for $45 a share in a phone call with HP Chief Executive Officer Enrique […]

(Bloomberg) — Activist investor Carl Icahn is calling on the leadership of Occidental Petroleum Corp. to reveal whether they were approached by any potential buyers prior to agreeing to acquire Anadarko Petroleum Corp. for $37 billion.The billionaire, who owns 3% of Occidental, said in a letter to the company’s shareholders Wednesday that Chief Executive Officer […]

Carl Icahn is urging Cigna shareholders to reject the health insurer’s attempted multi-billion dollar takeover of Express Scripts, saying it’s paying too much for a company with a shaky future. The billionaire and activist investor warned that Express Scripts, a pharmacy benefit manager, could face substantial regulatory risks and intense competition from Amazon. Cigna said […]

Billionaire investor Carl Icahn, who sparred for years with short-seller William Ackman over the future of Herbalife Nutrition Ltd , on Thursday said he sold roughly $552 million worth of Herbalife stock back to the company, trimming his stake to 21 percent.

Xerox Corp said on Sunday it was ending a planned $6.1 billion (£4.5 billion) deal with Fujifilm Holdings Corp and had reached a settlement with activist investors Carl Icahn and Darwin Deason. The company said Chief Executive Officer Jeff Jacobson had resigned and that John Visentin was expected to be the new CEO. Xerox also […]