Icahn told Pep Boys he would top any fresh Bridgestone offer by 10 cents per share, capping it at $18.10 per share. The billionaire investor’s latest offer for Pep Boys is $16.50 per share, or about $900 million, a proposal that has been deemed “superior” by Pep Boys’ board. Bridgestone, which has until 5.00 p.m. […]
NEW YORK (AP) — Pep Boys on Monday called a revised offer from billionaire Carl Icahn a “superior” bid, just days after the auto parts seller accepted a sweetened deal from tire company Bridgestone.
Carl Icahn offered to buy Pep Boys-Manny, Moe & Jack in a deal valuing the U.S. auto parts retailer at about $837 million, trumping Japanese tire maker Bridgestone Corp’s offer of $810 million. Icahn Enterprises LP offered $15.50 per Pep Boys share in cash, a 1.2 percent discount to Friday’s close, but higher than Bridgestone’s […]
Icahn disclosed on Monday that he owned 42 million shares in AIG as of Oct. 28, which would make him the insurer’s fifth largest shareholder, according to Thomson Reuters data. The new director would agree in advance to succeed Hancock as CEO if asked to do so by the board, Icahn said in a statement, […]
Billionaire activist investor Carl Icahn swapped his entire equity stake in eBay Inc (EBAY.O) for the same number of shares in PayPal Holdings Inc in the third quarter, regulatory filings showed on Monday. The filings with the Securities and Exchange Commission showed that Icahn sold his stake of 46.3 million shares in eBay and reported […]
CBRE Group Inc said it has been hired by billionaire investor Carl Icahn to sell Fontainebleau Resort Las Vegas, five years after taking control of the property. The Wall Street Journal reported the sale …
Icahn’s campaign highlights how some large financial companies are being given an incentive to break up as regulators impose costs on them in the wake of the financial crisis. A global task force, the Financial Stability Board, is due to update next month its list of insurance companies deemed to be “systemically important”. The tag […]
In a letter to leading members of Congress, the billionaire investor says he’s pledging his own money to push for corporate tax reform.
Jewish billionaire, Carl Icahn, 79, is calling out policy makers and making attempts to warn the U.S. that we are at risk for another financial collapse if we do not alter the way we conduct business. In the 15-minute video “Danger Ahead”, Icahn called …
Billionaire investor activist Carl Icahn ramped up criticism of the U.S. Federal Reserve, warning about the unintended consequences of ultra low interest rates on the economy and financial markets. “They don’t understand the treacherous path they are going down,” Icahn said in an interview with Reuters, in which he also declared his support for Donald […]
){kind=link}