Items tagged with Carl Icahn
Billionaire investor and activist shareholder Carl Icahn didn't blink twice at Apple becoming the world's first $700 billion company. In fact, he thinks the Cupertino outfit is worth nearly twice as much. According to Icahn, Apple's stock should be trading at 20 times earnings per share -- with net cash of $22 per...
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Take-Two Interactive Software, Inc. is forging ahead without further guidance or input from billionaire investor Carl Icahn, who agreed to sell back his 12.02 million shares in the company at yesterday's closing price of $16.93 per share. That works out to around $203.5 million, which Take-Two will fund from its cash...
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Barring anything unexpected, Michael Dell is almost assured to gain control of the company he founded and take it private following a shareholder vote later this week. Michael had originally proposed a $24.4 billion buyout offer for the world's third largest PC maker, but things hit a snag when some began to question...
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Carl Icahn, the billionaire businessman who's been a thorn in Michael Dell's side as he attempts to acquire the company he founded and take it private, also owns a "large" stake in Apple. He revealed as much on his Twitter account, adding that he recently spoke with Apple chief Tim Cook, sharing his thoughts about the...
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It wasn't that long ago when it seemed like Michael Dell was well on his way to acquiring the company he founded. Michael, along with Silver Lake Partners and an investment from Microsoft, put together a $24.4 billion buyout bid that was unanimously approved by Dell's board of directors. The deal would pay shareholders $13.65 per share, and...
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Billionaire businessman Carl Icahn may ultimately fail in preventing Michael Dell from acquiring the company he founded and taking it private, but he isn't going down without a fight. Icahn keeps coming back to the table with new proposals, and the latest development is that he's seeking a meeting with Dell's board of...
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A special committed formed by an independent group of directors weighed in on the situation with Dell and the two offers on the table, one a buyout bid by company co-founder Michael Dell and the other a dividend payment by activist investor Carl Icahn. The committee's suggestion? Take Michael's money and run. Michael...
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What was supposed to be a relatively quick and easy buyout of Dell, the world's third largest PC vendor, has turned into a drawn out dispute over the company's value, with Carl Icahn having emerged as one of the loudest voices of dissent. Perhaps fed up with the whole ordeal, Dell's board of directors, who unanimously...
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Three months ago, Dell's Board of Directors unanimously approved a merger agreement under which company founder Michael Dell and investment firm Silver Lake Partners would acquire the PC maker for $24.4 billion. Michael's plan is to take Dell private so he can run the company as he sees fit without the pressure of answering to shareholders...
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Spooked by a recent report that global computer shipments are down nearly 14 percent in what might be the worst contraction ever in the PC market, New York-based Blackwater Group LP has pulled out of the running in its pursuit of Dell. By stepping aside, Michael Dell and private equity partner Silver Lake are almost assured of taking over...
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It's tough to say what kind of resistance Michael Dell anticipated when decided to acquire the company he founded for $24.4 billion. Under terms of the deal, which was unanimously approved by Dell's Board of Directors, Mr. Dell and his investment partners will pay shareholders $13.65 per share in cash. That figure...
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