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“McDonald’s shareholders reject Carl Icahn’s board nominees” Shareholders have re-elected all of McDonald’s directors, the company said on Thursday, ending a boardroom battle with billionaire investor Carl Icahn who had sought to win two board seats and shine a spotlight on his campaign over animal welfare. Preliminary tallies showed shareholders backed all 12 of McDonald’s directors and…
“#Former Icahn Enterprises chief to lead struggling Lordstown Motors” The former chief executive of Icahn Enterprises will take over at Lordstown Motors two months after the former CEO and chief financial officer stepped down amid doubts over the number of orders placed for the electric truck startup’s marquee vehicle. Daniel Ninivaggi was named CEO Thursday…
“#Hertz investors snag $8 a share in surprise bankruptcy win” Small investors who were mocked last year for driving up shares of bankrupt car rental company Hertz scored a surprising victory on Wednesday when the company was bought at auction for as much as $8 a share. Word of the deal vindicating the much maligned…
“#Herbalife stock soars as Carl Icahn sells, says ‘role as activist not needed’” Carl Icahn has always been good to Herbalife, even on his way out the door. Shares of the nutritional supplement seller soared as much as 6 percent on Monday after Icahn confirmed that he’s sold more than half his stake after eight…
“#Paul Singer’s giant hedge fund is leaving NYC for Florida” Billionaire Paul Singer is about to become the latest snowbird of prey to fly out of New York City. The relentless activist investor — who recently squared off against Twitter and AT&T, and once famously locked horns with the government of Argentina — is moving…
“#Volkswagen nearing a deal with Carl Icahn to buy Navistar” Volkswagen has been locked in a staring contest with Carl Icahn — and the billionaire is blinking. Navistar — the maker of the International brand of big-rig trucks whose big shareholders include Icahn and his former protégé Mark Rachesky — reached a deal in principle…
“#Carl Icahn, Mark Rachesky in Navistar boardroom battle” This big-rig truck merger could be headed for a collision course. Carl Icahn and other key investors in trucking giant Navistar are willing to sell it to a Volkswagen subsidiary for around $50 a share, valuing the maker of International semi trucks at a whopping $5 billion,…
“#Carl Icahn reveals plans to hand over reins to his son Brett” Carl Icahn has finally revealed a plan to hand over the reins of his investing empire to his son — and the plan is to take his sweet time. The 84-year-old corporate raider has struck a deal with his 41-year-old son, Brett, to…