Icahn

Carl Icahn's First Quarter Increase

Tue, 21 May 2013 23:27:14 GMT

Source: www.gurufocus.com --- Tuesday, May 21, 2013
By Monica Wolfe. Read more » » Check out Carl Icahn Stock Picks » Download GuruFolio Report of Carl Icahn (Updated on 05/20/2013) Related Stocks: RIG , CVRR , DELL , HLF , NUAN , IEP , CVI , CHK , ...

Chart o’ the Day: Icahn Haz Profits?

Tue, 21 May 2013 19:31:36 GMT

Source: www.thereformedbroker.com --- Tuesday, May 21, 2013
Carl Icahn filed his 13D on Halloween, October 31st 2012. The stock was at 66 before his announcement hit. Get 'em Carl. hat tip @michaelbatnick ...

Carl Icahn And Herbalife Are Crushing Bill Ackman

Tue, 21 May 2013 15:30:35 GMT

Source: www.forbes.com --- Tuesday, May 21, 2013
For five months, billionaire hedge fund investor William Ackman has been conducting a high-profile short promotion against Herbalife, calling the nutritional supplements seller a pyramid scheme and betting heavily that its stock would fall. As recently as Monday, Ackman’s public relations machine was email blasting a Hispanic Federation letter urging the Federal Trade Commission to conduct an investigation into Herbalife’s alleged targeting of Latinos. ...

Dell board seeks details of buyout from Icahn

Tue, 21 May 2013 13:26:00 GMT

Source: www.southcoasttoday.com --- Tuesday, May 21, 2013
The company's directors say they won't entertain a takeover bid unless it represents a 'superior proposal' to one led by company founder Michael Dell. ...

Dell to Icahn: more info please

Tue, 21 May 2013 03:00:14 GMT

Source: www.crn.com.au --- Monday, May 20, 2013
Can Icahn match existing offer? ...

Dell Cautious about Icahn’s Bid Amidst Push to Reform Declining Sales

Mon, 20 May 2013 20:54:57 GMT

Source: siliconangle.com --- Monday, May 20, 2013
Activist investor Carl Icahn and Southwest Asset Management have joined forces to buy Dell in a move that put Silver Lake Partners and founder Michael Dell in the backseat. Silver Lake and Dell are offering $24.4 billion for the company, the equivalent of $13.65 a share. Icahn, Southwest and other investors believe that the firm is worth more, so they submitted an alternative proposal that would allow shareholders to hold on to their stock and take an additional $12 a share in cash or stock. That may sound tempting, but Dell is not buying it. A special committee working on behalf of the company demanded more details about the bid in a response published in WSJ this week. The letter specifies that Icahn and Southwest have not yet proven that their offer is an “actual acquisition proposal.” Dell has every reason to be cautious about the bid. The company’s ongoing privatization was initiated after Michael Dell reached the conclusion that it cannot regain its competitive edge and meet investors’ near-term expectations at the same time – in his view, the choice is either going private or going broke. Dell’s attempt to make a comeback is two-pronged: the firm is trying to transform its business model and overhaul its offerings portfolio at the same time. In the enterprise, Dell is eyeing software-defined infrastructure. The company acquired Enstratius , a provider of on-demand software for managing hybrid clouds, earlier this month. On ...

Dell seeks clarity on Icahn takeover bid

Mon, 20 May 2013 19:57:56 GMT

Source: www.ft.com --- Monday, May 20, 2013
The rival offer contained no details of how a deal would be financed, and has been with scepticism by many people close to the deal ...

Dell board asks Carl Icahn for more information

Mon, 20 May 2013 16:52:50 GMT

Source: www.australianherald.com --- Monday, May 20, 2013
Dell has reiterated its call to corporate raider Carl Icahn to submit more details about his proposal to buy the firm and said it will not talk to the investor unless further details are forthcoming. Dell is in the midst of a messy shareholder battle ... ...

Dell Says Cannot Disclose More Information to Icahn Yet

Mon, 20 May 2013 16:52:26 GMT

Source: www.pehub.com --- Monday, May 20, 2013
Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was “superior” to founder Michael Dell’s, Reuters is reporting. (Reuters) – Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was “superior” to founder Michael Dell’s. Earlier this month, Icahn and Southeastern offered $12 in cash per share or additional shares to existing investors as an alternative to Michael Dell’s $24.4 billion bid to take the company private. Dell’s special committee of the board of directors said in a letter on Monday that Icahn’s affiliates and representatives had made a number of requests for information, including a request for data room access for a potential lender. “Please understand that unless we receive information that is responsive to our May 13 letter, we are not in a position to evaluate whether your proposal meets that standard,” the special committee said. The committee had on May 13 asked Icahn and his ally Southeastern for more details on their proposed offer. It had said it was not clear Icahn intended to make “an actual acquisition proposal that the Board could evaluate” or if he intended his offer as an alternative in the event the pending sale to Silver ...

Dell Seeks More Details From Icahn

Mon, 20 May 2013 15:59:31 GMT

Source: online.wsj.com --- Monday, May 20, 2013
Dell sent another letter to Carl Icahn and Southeastern Asset Management seeking more information about their takeover proposal, reiterating that it can't engage in talks before determining whether the proposal is credible. ...

Dell Follows Up With Icahn, Home Depot Stands to Benefit From Sandy, and 3 More Hot Stocks

Mon, 20 May 2013 15:52:09 GMT

Source: wallstcheatsheet.com --- Monday, May 20, 2013
Dell ( NASDAQ:DELL ): Members of the board at Dell have sent a follow-up letter to Carl Icahn and his accomplices, pressing on the need for details about how he plans to finance his revised bid for a majority stake in the company. ”Unless we receive information that is responsive to our May 13 letter, we are not in a position to evaluate whether your proposal [is superior to Dell and Sliver Lake's],” the letter read. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW ! Home Depot ( NYSE:HD ): Hurricane Sandy may have been a curse of nature that wrought devastation on the east coast, but it may be a blessing in disguise for Home Depot and Lowe’s ( NYSE:LOW ), as reconstruction efforts continue. FEMA has approved $1.38 billion in assistance for Sandy victims, and the rate of construction on new houses in the affected regions has picked up over the last few months. NEW! Discover a new stock idea each week for less than the cost of 1 trade. CLICK HERE for your Weekly Stock Cheat Sheets NOW ! Synovus Financial ( NYSE:SNV ): Shares of Synovus are hanging low after a downgrade from Goldman Sachs, which says that “given that the market appears to be pricing in a best case scenario, largely based on M&A speculation, although core fundamentals remain weak.” Goldman brought its rating from Neutral to Sell, with a price target of $2.50. NEW! Discover a new stock idea ...

Dell's Board Can't Decide if Carl Icahn Is Serious

Mon, 20 May 2013 15:51:44 GMT

Source: allthingsd.com --- Monday, May 20, 2013
The special committee of Dell’s board of directors appointed to oversee its attempt to go private sent a letter to activist investor Carl Icahn and his partner, Southeastern Management, saying the committee can’t decide if they’re serious about wanting to take over the computing company. The committee can’t engage in serious talks until they hear specifics, the letter said. Icahn and Southeastern proposed an alternate transaction to Dell’s proposed $24.4 billion go-private transaction with the private equity firm Silver Lake. The board committee responded by saying it wanted more information in order to evaluate. Aside from some chatting to a CNBC anchor about wanting to fire Michael Dell as the company’s CEO, and nominating a slate to replace the company’s current board of directors , the Icahn-Southeastern camp has been quiet. Icahn and Southeastern proposed their transaction before Dell reported quarterly earnings on May 16 . That earnings report showed a 79 percent year-on-year drop in quarterly profits. The committee last week asked the Icahn camp for details about how it would finance its proposed deal, and for a draft of a definitive agreement. Icahn has in recent weeks disclosed that he owns about 4.5 percent of Dell’s outstanding shares, while Southeastern has long been Dell’s largest outside shareholder, accounting for more than 8 percent. ...

Dell Special Committee Asks Carl Icahn For More Details

Mon, 20 May 2013 15:21:27 GMT

Source: www.valuewalk.com --- Monday, May 20, 2013
Dell Inc. (NASDAQ:DELL) special committee today sent a letter to billionaire investor Carl Icahn and Southeastern Asset Management, asking them to provide more information about their proposal. The special committee said that it won’t engage into talks before it makes sure that their proposal is credible. A week earlier, the committee had asked them for more information about their proposal. Last week, Dell reported yet another disappointing quarterly result . It’s the six consecutive quarterly decline in earnings. Icahn Criticizes Dell Team Mr. Icahn and Southeastern offered that Dell Inc. (NASDAQ:DELL) shareholders will receive $12 dividend in cash or stock, and shareholders will retain their stake in the company, enjoying additional benefits from any potential upside. In the same letter, Mr. Icahn criticized the computer maker, saying that it is led by a ”wrong headed” team. Mr. Icahn went on to say that if the Dell board doesn’t support their offer, Mr. Icahn and Southeastern will appoint new directors to replace the current board . But their offer didn’t provide any details about how they will finance the deal. No Questions Answered The committee asked in the last week’s letter whether their offer is an actual buyout proposal or an alternative to be considered if Michael Dell and Silver Lake Partners’ deal isn’t approved. The special committee also made several queries about how Mr Icahn and Southeastern would finance the de ...

Dell needs more info from Icahn, Southeastern

Mon, 20 May 2013 14:32:33 GMT

Source: www.wfaa.com --- Monday, May 20, 2013
ROUND ROCK, Texas (AP) — Dell says it needs more information about billionaire Carl Icahn and Southeastern Asset Management's alternative buyout offer before it could possibly give two of its biggest shareholders more information about the PC maker. ...

Dell to Icahn: That's All the Information You Get

Mon, 20 May 2013 13:13:00 GMT

Source: www.cnbc.com --- Monday, May 20, 2013
Dell Inc. says no to suitors Carl Icahn and Southeastern Asset Management. ...

Dell special committee wants more information from Icahn, Southeastern

Mon, 20 May 2013 12:47:49 GMT

Source: voip.biz-news.com --- Monday, May 20, 2013
Dell'sÂ special committee needs more information from Carl Icahn and Southeastern Asset Management to decide if their takeover proposal is credible, according to aÂ reportÂ byÂ Fox Business . Continue reading Dell special committee wants more information from Icahn, Southeastern ...

Dell to Icahn Cannot disclose more information

Mon, 20 May 2013 12:28:27 GMT

Source: www.asiapacificstar.com --- Monday, May 20, 2013
Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael ... ...

Dell to Icahn: Cannot disclose more information

Mon, 20 May 2013 11:58:43 GMT

Source: timesofindia.indiatimes.com --- Monday, May 20, 2013
Dell Inc said in a letter to suitors Carl Icahn and Southeastern Asset Management that the company would not provide more information about itself unless the board determined that their proposal was "superior" to founder Michael Dell's. ...

Dell tells Icahn cannot disclose more information yet

Mon, 20 May 2013 11:18:41 GMT

Source: www.reuters.com --- Monday, May 20, 2013
(Reuters) - Dell Inc sent a letter to suitors Carl Icahn and Southeastern Asset Management saying the company could not provide more information about itself unless the board determined that their proposal was "superior" to Michael Dell's. ...

Dell Special Committee Sends Letter To Carl Icahn and Southeastern Asset Management

Mon, 20 May 2013 11:00:00 GMT

Source: finance.boston.com --- Monday, May 20, 2013
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