Carl Icahn
Carl Icahn
Carl Celian Icahnis an American business magnate, investor, activist shareholder, and philanthropist. He is the founder and majority shareholder of Icahn Enterprises, a diversified conglomerate holding company based in New York City. He is also Chairman of Federal-Mogul, an American developer, manufacturer and supplier of powertrain components and vehicle safety products...
NationalityAmerican
ProfessionEntrepreneur
Date of Birth16 February 1936
CityQueens, NY
CountryUnited States of America
Their earnings are way down. It's time for management to go,
If VISX agrees with me to submit to a vote of shareholders the best offer of $32 per share or higher from any qualified bidder, then I will be willing to commit the significant funds needed to commence the necessary effort to conduct due diligence and to attempt to raise the financing for the transaction,
If you just broke it up, the stock would be higher. In Time Warner, we're saying the conglomerate concept does not work.
In 2008, people who invested in hedge funds needed capital badly, but many of the funds would not return their money. However, I gave money back to any investor who requested it. It was the bottom of the market and a pretty tough time.
a weak attempt to silence growing investor criticism.
not comment on whether I still have an interest in General Motors or whether I will buy or sell its shares.
Doing this AOL deal is on the way, but not enough, to enhancing shareholder value at Time Warner, ... It proves my point that there is a great deal of unrealized value here. The best investment the company can make is in their own stock at this time.
This conglomerate concept doesn't work, there is no synergy - just a bunch of people spending a large amount of money that should be spent on running different companies well.
provide a very low or no possibility of a successful recovery for the bonds.
is greatly undervalued and that the company is in need of a major restructuring.
The Icahn Group believes that these actions would immediately narrow the gap between the current share price of Time Warner and the true value of Time Warner?s assets, which the Icahn Group believes is significantly higher,