Wednesday, April 7, 2010 as of 11:14 AM ET
Carl Celian Icahn (born February 16, 1936) is an American business magnate.
Read More at Wikipedia ›Activist investor Carl Icahn skewered Chesapeake Energy Corp.
's (CHK) board for corporate governance controversies and "irresponsible actions" while disclosing he acquired a sizeable new stake in the company.Icahn described the firm's shares as undervalued and indicated that he wants specific changes, including the right to name two directors at Chesapeake. He disclosed after the markets closed he holds a 7.56% stake, or 50.1 million shares, acquired for $785 million.Chesapeake's chairman, Aubrey K. McClendon, has agreed to step down from that position after it was disclosed that he had borrowed as much as $1.4 billion from firms doing business with the company. McClendon, a co-founder of the company, remains chief executive.(This story and related background material will be available on The Wall Street Journal website, WSJ.com.)"Having the current board select a new chairman without shareholder approval and without allowing for shareholder representation is akin to asking the fox, wh...John Paulson, the well-known hedge fund investor, late Wednesday recommended owning the shares of Caesars Entertainment Corp. , AngloGold Ashanti Ltd. ADS and CVR En...
Billionaire investor Carl Icahn reported in a regulatory filing late Tuesday that he no longer had a stake in energy company El Paso Corp. (EP), which is close to co...
Shares of Amylin Pharmaceuticals climbed 6% in early trading Tuesday after analysts at Leerink Swann said they see Sanofi and Merck emerging as the strongest bidders...
FBN's Robert Gray breaks down mid-afternoon market news.
Chesapeake Energy Corp. (CHK) Chief Executive Aubrey McClendon said Monday that a $3 billion unsecured loan from Goldman Sachs Group Inc. (GS) and Jefferies Group In...
Chesapeake Energy Corp. Chief Executive Aubrey McClendon said Monday he has a good relationship with Carl Icahn and added that if the billionaire investor buys more ...
Chesapeake Energy Corp. rallied 9% in premarket trades Monday after The Wall Street Journal reported that the natural gas producer will disclose a signficiant stake ...
Activist investor Nelson Peltz will likely have difficulty leveraging his big stake Ingersoll-Rand PLC (IR) into a quick and comprehensive overhaul of Ingersoll's bu...
Carl Icahn may have won the support of a majority of CVR Energy Inc. (CVI) shareholders in his hostile takeover bid, but the billionaire investor faces a potentially...
FBN's Robert Gray breaks down late-morning market news.
Carl Icahn won control of oil refiner CVR Energy Inc as shareholders backed his $2.6 billion takeover, ending a three-month long tussle with the company's board.At l...
DOW JONES NEWSWIRESActivist Investor Carl Icahn said he has dropped a lawsuit against Amylin Pharmaceuticals Inc. (AMLN) that sought to extend the drug maker's board...
Chesapeake Energy Corp. said late Friday that its board and senior management are taking steps they expect will result in a higher price for the oil and gas producer...
Activist investor Carl Icahn reported a 7.6% stake in Chesapeake Energy Corp. (CHK) Friday and called for the replacement of at least four of the embattled natural-g...
FBN’s Peter Barnes on plans for J.P. Morgan CEO Jamie Dimon to testify before a Senate Panel.
Activist investor Carl Icahn blasted Chesapeake Energy's board Friday after disclosing his investment fund has taken a 7.56% stake in the troubled oil and natural ga...
Activist investor Carl Icahn reported a 7.6% stake in Chesapeake Energy Corp. (CHK) and called for the replacement of at least four of the embattled natural gas comp...
Activist investor Carl Icahn reported a 7.6 percent stake in oil and gas company Chesapeake Energy Corp <CHK.N>, and asked for at least four members of its board to ...
FBN’s Sandra Smith on Dow Chemical winning $2.2 billion in damages from Kuwait Petroleum for wrongly terminating their joint venture.
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