Activist Investor

Music online

Will Corvex Be Able to Find a Buyer for Pandora?

Activist investor fund Corvex Management has acquired a 9.9% stake in internet radio company Pandora Media Inc. (NYSE: P). It said in a letter to the company's management that it ...
Read Full Story »
Oil worker

Is a Stock Buyback the Best Thing Baker Hughes Can Do Now?

When Baker Hughes Inc. (NYSE: BHI) reported first-quarter earnings last week, CEO Martin Craighead complained that the now-terminated merger agreement with Halliburton Co. (NYSE: HAL) was hampering the company's ability ...
Read Full Story »
Xerox

Xerox Earnings a Mixed Bag as Company Prepares to Split

Xerox Corp. (NYSE: XRX) reported first-quarter 2016 results before markets opened Monday. The business technology firm posted quarterly adjusted diluted earnings per share (EPS) of $0.22 on revenues of $4.28 ...
Read Full Story »
Pills and tablets

Why Depomed Is Rising on Activist Pressure

Depomed Inc. (NASDAQ: DEPO) saw its stock surge early Friday morning following news of an open letter from an activist firm. Starboard Value, one of the largest shareholders of Depomed, with ...
Read Full Story »
copper pipes

Icahn Buys More Freeport-McMoRan, Sending Shares up 18%

It appears that Warren Buffett is not the only investor who thinks that now is a good time to invest in energy stocks. Activist investor Carl Icahn added 4 million ...
Read Full Story »
road fork sign

Xerox’s Horrible Management Finally Crushes the Company

A number of press reports claim that Xerox Corp. (NYSE: XRX) will be broken into two pieces, and that activist investor Carl Icahn, who has taken a significant position in ...
Read Full Story »
AIG logo

AIG-Icahn Activist Fight Persists

American International Group Inc. (NYSE: AIG) has received another letter from activist investor Carl Icahn. His demand is for AIG to bust itself up into smaller, more focused units to ...
Read Full Story »
Newspapers

Is Rupert Murdoch Still After Time Warner?

Say what you want about media tycoon Rupert Murdoch, but he doesn’t give up easily. Less than two years after Time Warner Inc. (NYSE: TWX) rebuffed an unsolicited $80 billion ...
Read Full Story »
Car engine

Icahn Stake Puts a Charge Into Pep Boys

On Friday, after activist investor Carl Icahn revealed a 12.1% stake in Pep Boys - Manny, Moe & Jack (NYSE: PBY), the stock bounced big in after-hours trading, but cooler ...
Read Full Story »
Mine

Can Freeport-McMoRan Rise Again?

Since the beginning of the fourth quarter of this year, shares of Freeport-McMoRan Inc. (NYSE: FCX) have lost about 10% of their value. From their peak on October 9, the ...
Read Full Story »
road fork sign

Why Carl Icahn Cannot Succeed in AIG Activism

It seems that no company is too big for Carl Icahn to try to influence in an effort to unlock value. American International Group Inc. (NYSE: AIG) is now Icahn's ...
Read Full Story »
Fried Chicken

Yum Brands Will Split Off China Business

The owner of KFC, Pizza Hut and Taco Bell announced Tuesday morning that the company intends to hive off its China business into a separate company by the end of ...
Read Full Story »
ThinkstockPhotos-529331537

Who Will Buy IBM?

Now that EMC Corp. (NYSE: EMC) effectively has been taken over by Dell, and Nelson Peltz has run E.I. du Pont de Nemours and Company (NYSE: DD), or DuPont, CEO Ellen Kullman ...
Read Full Story »
General_Electric_logo

What May Drive GE to 52-Week and Multiyear Highs

General Electric Co. (NYSE: GE) has been the center of much attention over the past month. A few of the developments were that the company had its European acquisition of ...
Read Full Story »
FCX-grasberg copper mine

What Will Carl Icahn Do with Freeport Now?

Copper miner and oil producer Freeport-McMoRan Inc. (NYSE: FCX) announced Wednesday morning that the company had appointed two new board members recommended by activist investor Carl Icahn. That brings the ...
Read Full Story »