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 [...]
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 [...]
Sep 17 2008
Billionaire investor Carl Icahn has amassed a 9.5 percent stake in railcar manufacturer Greenbrier Cos., according to a filing with the Securities and Exchange Commission on Monday.
Icahn reported owning 1.5 million shares, or a 9.5 percent stake in the Lake Oswego, Ore.-based company.
Icahn acquired the stake through ARI Longtrain Inc. The sole stockholder of ARI [...]
Sep 17 2008
Billionaire activist investor Carl Icahn on Friday reported an 8.5 percent stake in software maker BEA Systems Inc. and called for the possible sale of the company, according to a regulatory filing.
In a filing with the Securities and Exchange Commission, Icahn said he believes BEA shares are undervalued and that a strategic acquisition of the [...]
Sep 17 2008
Billionaire investor Carl Icahn held shares in Alcoa Inc. and Alcan Inc. in the quarter through June, during a takeover battle between the two North American aluminum producers.Icahn held 3.52 million shares of Alcoa, valued at about $143 million, and 1.18 million shares of Alcan, which were worth $95.6 million, he said in a filing [...]
Sep 17 2008
Carl Icahn’s American Real Estate Partners LP bought the billionaire investor’s stakes in his own investment-management firm for as much as $1.9 billion to consolidate holdings ranging from home retailers to hedge funds.The purchase price is $810 million of American Real Estate depositary units plus an additional payout of as much as $1.1 billion based [...]
Jul 13 2008
Bill Gates has taken a stake worth $392 million in Mexican drinks company Femsa, according to a U.S. Securities and Exchange Commission filing on Thursday. Gates’ Cascade Investment LLC fund owns 10.81 million of Femsa’s New York-traded American Depositary Shares, a minority investment in the company. Gates, who is chairman of Microsoft Corp (MSFT.O), reported [...]
Jul 11 2008
Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market.
Following a strong share price rally today in his three group companies — India’s most valued firm Reliance [...]
Jul 11 2008
India’s stock market boom has catapulted the country’s biggest industrialist Mukesh Ambani within reach of becoming the richest Indian and one of the world’s 10 wealthiest people.
In a vivid illustration of India’s economic rise, Mr Ambani’s personal wealth has doubled to about $44bn (£21bn) in the past year thanks to a more than 100 per [...]
Jul 10 2008
When billionaire businessman Anil Ambani announced his bid to gain a controlling foothold in South Africa’s MTN last month, some people instantly smelt trouble.
The planned reverse takeover of MTN, under which Mr Ambani will swap most of his majority interest Reliance Communications, in his mobile operator, for a near controlling stake in the South African [...]
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