Showing posts with label Icahn. Show all posts
Showing posts with label Icahn. Show all posts
Monday, July 16, 2007
Friday, July 13, 2007
Asian Stocks Rise the Most in Two Months on Takeovers; Posco, BHP Climb
(Bloomberg) -- Asian stocks rose the most in two
months, spurred by Rio Tinto Group's $38 billion bid for Alcan
Inc. and higher sales at U.S. retailers.
Posco surged by the most in four years and BHP Billiton Ltd.
climbed following Rio's offer. Samsung Electronics Co. jumped
after reporting better-than-expected earnings and a newspaper
said billionaire investor Carl Icahn may be planning a hostile
bid. South Korea's Kospi index, the region's best performer in
the past three months, advanced 2.8 percent to a new high.
Read more at Bloomberg Stocks News
months, spurred by Rio Tinto Group's $38 billion bid for Alcan
Inc. and higher sales at U.S. retailers.
Posco surged by the most in four years and BHP Billiton Ltd.
climbed following Rio's offer. Samsung Electronics Co. jumped
after reporting better-than-expected earnings and a newspaper
said billionaire investor Carl Icahn may be planning a hostile
bid. South Korea's Kospi index, the region's best performer in
the past three months, advanced 2.8 percent to a new high.
Read more at Bloomberg Stocks News
Thursday, July 12, 2007
Asian Stocks Advance to Record on Takeovers, U.S. Retail Sales; BHP Gains
(Bloomberg) -- Asian stocks rose, pushing a regional
benchmark to a record, as takeover speculation increased and
concern eased that consumer spending in the U.S. will slow.
BHP Billiton Ltd. climbed to a new high following Rio Tinto
Group's offer to buy Alcan Inc. Samsung Electronics Co. surged to
a 10-month high after a newspaper reported that billionaire
investor Carl Icahn may be planning a hostile bid for the company.
Read more at Bloomberg Stocks News
benchmark to a record, as takeover speculation increased and
concern eased that consumer spending in the U.S. will slow.
BHP Billiton Ltd. climbed to a new high following Rio Tinto
Group's offer to buy Alcan Inc. Samsung Electronics Co. surged to
a 10-month high after a newspaper reported that billionaire
investor Carl Icahn may be planning a hostile bid for the company.
Read more at Bloomberg Stocks News
Friday, June 29, 2007
UPDATE 1-Citigroup, Merrill top underwriters amid strains
(Reuters) - NEW YORK, June 29 - Wall Street underwriters kept
busy in the second quarter, yet ebbing investor appetite for
lower-rated debt and riskier assets may dampen their summer.
In the last couple of weeks, investors have grown more wary
of risk, amid struggles at two Bear Stearns Cos. hedge
funds loaded with illiquid mortgage debt. Several companies
restructured junk bond offerings. Corporate raider Carl Icahn
said the private equity boom has "peaked." And while Blackstone
Group LP conducted a $4 billion initial public offering,
its shares fell below the IPO price less than a week later.
Read more at Reuters.com Bonds News
busy in the second quarter, yet ebbing investor appetite for
lower-rated debt and riskier assets may dampen their summer.
In the last couple of weeks, investors have grown more wary
of risk, amid struggles at two Bear Stearns Cos. hedge
funds loaded with illiquid mortgage debt. Several companies
restructured junk bond offerings. Corporate raider Carl Icahn
said the private equity boom has "peaked." And while Blackstone
Group LP conducted a $4 billion initial public offering,
its shares fell below the IPO price less than a week later.
Read more at Reuters.com Bonds News
Thursday, June 21, 2007
Union Pacific, Buffett, Icahn Win as Soaring Oil Drives Rail Renaissance
(Bloomberg) -- Nobody likes the rising price of oil
better than U.S. railroads.
As the cost of crude soars, rail is gaining a competitive
edge after losing ground to trucks for half a century. Even as
automotive plant closings and reduced U.S. housing construction
have contributed to a 4.4 percent drop in train shipments this
year, investors including Warren Buffett and Carl Icahn are
flocking to railroad shares, betting that higher oil prices and
surging Asian imports along with congested highways will boost
long-term demand.
Read more at Bloomberg Exclusive News
better than U.S. railroads.
As the cost of crude soars, rail is gaining a competitive
edge after losing ground to trucks for half a century. Even as
automotive plant closings and reduced U.S. housing construction
have contributed to a 4.4 percent drop in train shipments this
year, investors including Warren Buffett and Carl Icahn are
flocking to railroad shares, betting that higher oil prices and
surging Asian imports along with congested highways will boost
long-term demand.
Read more at Bloomberg Exclusive News
Thursday, May 31, 2007
Icahn asks WCI board to delay annual meeting
(Reuters) - Icahn said on May 21 that his all-cash tender offer of $22
a share for WCI had expired with none of the nearly 10.8
million shares tendered being bought by his affiliates.
Read more at Reuters.com Mergers News
a share for WCI had expired with none of the nearly 10.8
million shares tendered being bought by his affiliates.
Read more at Reuters.com Mergers News
Tuesday, April 3, 2007
Icahn investment group CFO resigns-SEC filing
(Reuters) - "The resignation was not the result of any disagreement with the company on any matter relating to the company's operations, policies or practices," American Real Estate Partners said in the filing.
The company said in the filing that it did not make a counter-offer to retain Moerman. It expects him to remain "for the next few weeks" to allow for a smooth transition for interim replacement Andrew Skobe.
Read more at Reuters.com Mergers News
The company said in the filing that it did not make a counter-offer to retain Moerman. It expects him to remain "for the next few weeks" to allow for a smooth transition for interim replacement Andrew Skobe.
Read more at Reuters.com Mergers News
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