Icahn is a diversified investor with extensive holdings in biotech, casinos, information technology and real estate. About half his fortune is invested in publicly traded companies, including natural gas outfit El Paso and auto parts maker Federal Mogul. His closely held assets include a telecommunications company (XO Holdings) and rail cars (ACF).
Bonds of Transocean Ltd. rose after shareholders rejected a dividend proposal brought by billionaire investor Carl Icahn, instead approving a smaller payout from the world’s largest offshore oil rig contractor.
Transocean Ltd. shareholders voted in favor of the company’s $2.24-a-share annual dividend, rejecting a $4 proposal brought by billionaire investor Carl Icahn, a person familiar with the vote count said.
James Packer, chairman of Australia’s biggest gambling company, and Crown Ltd. must defend themselves in a Las Vegas lawsuit alleging they hid cost overruns in a gaming development, an appeals court ruled.
Southeastern Asset Management Inc., the money manager that is the largest outside investor of Dell Inc., said it exercised 25 million call options in the computer maker, giving it more shares to vote in the upcoming fight over the company’s future.
Hess Corp. ended a four-month proxy battle with billionaire Paul Singer’s Elliott Management Corp., adding three of the activist investor’s five board nominees and heading off a shareholder vote on competing candidates.
Dell Inc.’s special committee asked billionaire Carl Icahn for more information about his proposed takeover of the personal-computer maker, made last week as a challenge to founder Michael Dell’s $24.4 billion buyout.