Sep
17
2008
Yahoo! Inc. rejected a proposal from Microsoft Corp. and billionaire investor Carl Icahn that would have broken up the Internet company, saying they were trying to “coerce” officials into selling assets.Under the plan, Yahoo’s current board and top management would be replaced. Microsoft would buy Yahoo’s search business and leave Icahn with the rest of [...]
- Tags: alliance, bid, billionaire, Bloomberg, board, Business, California, Carl Icahn, Chairman Roy Bostock, coerce, company, Corp, doesn, Inc, Internet, investor, management, Microsoft, mind, plan, proposal, Rejects, rest, search, Split, statement, Sunnyvale, take, transaction, Yahoo
Sep
17
2008
Federal antitrust regulators have cleared activist billionaire investor Carl Icahn’s purchase of another $1.5 billion of shares of Internet company Yahoo Inc. Icahn launched a proxy fight last month to remove Yahoo’s board of directors after the Sunnyvale, Calif.-based company rejected Microsoft Corp.’s last takeover bid of $47.5 billion bid. He has called Yahoo’s actions [...]
- Tags: activist, approval, bid, billionaire, board, Calif., Carl Icahn, Cleared, Commission, company, Corp, Federal, fight, Harass, Inc, Internet, investor, leverage, Microsoft, month, NBC, percent, proxy, purchase, rest, slate, Stake, stock, Sunnyvale, takeover, Trade, Yahoo
Sep
17
2008
The internet company Yahoo has postponed its annual meeting as its board struggles to escape a shareholder uprising led by the billionaire corporate raider Carl Icahn.
The potentially rowdy gathering in California was due to be held on July 3 but Yahoo has put it off to an unspecified date “expected to be around the end [...]
- Tags: activist, attempt, billionaire, board, California, Carl Icahn, Clara, company, date, delay, discontent, end, failure, gathering, Guardian, Internet, July, kind, law, meeting, Mercury, Microsoft, News, professor, raider, rebel, rest, Santa, shareholder, Silicon Valley, slate, Stephen Diamond, support, takeover, Time, transaction, University, unseat, uprising, veteran, Wall Street, Yahoo
Sep
17
2008
Motorola Inc. settled its proxy battle with Carl Icahn on Monday, agreeing to back two of the billionaire investor’s nominees for its board of directors in exchange for him dropping litigation against the cell phone maker.
The agreement avoids a showdown at the company’s upcoming annual meeting for what would have been the second straight year.
read [...]
- Tags: agreement, battle, billionaire, board, Carl Icahn, cell, company, Exchange, Inc, investor, litigation, maker, meeting, Monday, Motorola, phone, proxy, rest, showdown, Sun, Times, year
Sep
17
2008
Motorola Inc. plans to split into two companies next year amid pressure from billionaire investor Carl Icahn to break off the money-losing mobile-phone business that it pioneered 25 years ago.One company will focus on handsets and the other will sell network equipment, cable TV set-top boxes and two-way radios — businesses that are profitable and [...]
- Tags: billionaire, Bloomberg, board, Business, cable, Carl Icahn, company, equipment, executive, Inc, investor, Motorola, network, officer, phone, pressure, rest, Sales, Slide, Split, statement, today, year
Sep
17
2008
Carl Icahn, the billionaire investor fighting for board seats at Motorola Inc. demanded access to documents that detail the strategy for turning around the money- losing mobile-phone business.Icahn filed a lawsuit today in Delaware Chancery Court in Wilmington to get the information from Motorola, the biggest U.S. mobile-phone maker. The company denied an earlier request [...]
- Tags: access, billionaire, Bloomberg, board, Business, Carl Icahn, Chancery, Chief Executive Officer Greg Brown, company, Court, Delaware, Demands, detail, handset, Inc, information, investor, lawsuit, maker, money, Motorola, percent, pressure, quarter, request, rest, spinoff, strategy, today, U.S., unit, Wilmington
Sep
17
2008
Carl Icahn, the billionaire Wall Street investor, has raised his stake in Motorola, the struggling US mobile phone maker, to 6.3 per cent from a previously reported 5 per cent.
The increase in the stake, disclosed on Wednesday in a filing with the US Securities and Exchange Commission, comes as Mr Icahn steps up pressure on [...]
- Tags: billionaire, board, Carl Icahn, cent, Commission, company, Exchange, executive, filing, Greg Brown, increase, investor, maker, management, May, meeting, Motorola, Mr Icahn, phone, rest, Stake, U.S., Wall Street, Wednesday
Sep
17
2008
Billionaire investor Carl Icahn said he plans to nominate three people to Biogen Idec Inc.’s board and criticized the company’s earlier attempt to find a buyer as “flawed.”Biogen refused to let bidders talk to Irish drugmaker Elan Corp., its partner in the multiple sclerosis treatment Tysabri, Icahn said today in a regulatory filing. Biogen’s sale [...]
- Tags: agreement, attempt, bidding, billionaire, Biogen, Bloomberg, board, buyer, Cambridge, Candidates, Carl Icahn, company, confidentiality, Corp, Criticism, Dec, drugmaker, Elan, filing, Idec, Inc, investor, market, Massachusetts, October, partner, process, rest, sale, sclerosis, Targets, today, treatment, Tysabri, value
Sep
17
2008
Business software maker Oracle Corp agreed Wednesday to buy BEA Systems Inc. for about $7.85 billion, a compromise price that ends a months-long dispute over the value of the company that pioneered Web services software.The deal gives Oracle CEO Larry Ellison another trophy in his growing collection of acquisitions. This time, the addition is expected [...]
- Tags: addition, BEA, bid, billionaire, board, Business, Carl Icahn, CEO Larry Ellison, closing, collection, company, compromise, Corp, deal, dispute, Inc, interact, investor, Jose-based, maker, middleware, Nov, October, offer, Oracle, overture, percent, position, premium, price, rest, sale, San Jose, September, share, shareholder, software, Time, Times, trophy, Tuesday, value, Web, Wednesday
Sep
17
2008
Motorola’s Ed Zander just bought himself a reprieve. The wireless technology company turned in stronger than expected third quarter results, pushing the company’s stock up 6% in midday trading on Thursday and quieting the chief executive’s many critics, at least for now.
Motorola (MOT) said Thursday its profit plunged 94% in the third quarter, as sales [...]
- Tags: billionaire, board, Business, Carl Icahn, cell, company, cost, cutting, Ed Zander, executive, income, loss, midday, MOT, Motorola, phone, profit, quarter, report, reprieve, rest, seat, share, stock, technology, Thursday, Time, trading, turnaround, week, Zander, Zander Buys
