Icahn Enterprises has announced its plans to acquire automotive service provider Pep Boys-Manny Moe & Jack for $1bn. The deal was announced after Japanese tire maker Bridgestone quit the race to acquire the company by announcing that ...
Tags: Pep Boys, automotive service
Less than four years after acquiring GSI Commerce for $2.4 billion, eBay Inc. announced Wednesday it was studying whether to spin off the business in IPO as part of a broadening restructuring. The company disclosed the plans in its ...
Tags: broadening restructuring, box retailers, Sporting Goods
EBay Inc. reported that the value of goods sold on its mobile commerce platform increased 70 percent in first quarter ended March 31, 2014 and now represent 19 percent of its e-commerce volume. Total revenue at the company increased 14 ...
Tags: Sporting Goods, Recreation, E-Commerce
Activist investor Carl Icahn fired off word on Tuesday that he beefed up his Apple stock holdings by a half-billion dollars as the share price dipped. "Just bought $500 mln more $AAPL shares," Icahn said in a message on Twitter. "My ...
Tags: Apple, buyback, shareholder, AAPL
Apple's stock dropped Tuesday, hurt by a lackluster first-quarter performance and a cautious second-quarter revenue outlook. The shares fell 8 percent, hovering near $507 in afternoon trading. On Monday Apple Inc. said it sold more ...
Tags: Apple, Carl, second-quarter revenue, Wall Street
Outspoken billionaire Carl Icahn has tossed another bushel of Apple stock into his investment portfolio as he tries to persuade the iPhone maker to buy back more of its own shares. Icahn says he invested another $500 million in Apple Inc. ...
Tags: Consumer Electronics, Apple
Federal-Mogul Corp. announced that its European subsidiaries have entered into a definitive purchase agreement to acquire certain business assets of the Honeywell automotive and industrial brake friction business including two recently ...
Tags: Acquirement, Federal-Mogul, Honeywell
Hologic Inc. (Bedford, MA), a diagnostic and medical imaging equipment specialist, is defending itself against a hostile takeover from activist investor Carl Icahn, who know owns a 12.63% stake in the firm. Icahn recently announced his ...
Tags: Hologic, hostile takeover
Michael Dell has won the battle to take the company he founded in 1984 private after shareholders voted in favour of the deal on the table from Michael Dell and private equity company Silver Lake. It means that the company will be taken ...
Tags: DELL, Computer Products
Dell founder Michael Dell and investor Silver Lake Management have had their proposed $24.9bn buyout of ailing PC maker Dell approved by holders of the voting shares. The buyout, which is the largest of its kind since 2007, has been ...
Tags: DELL, software, Computer Products
Dell's board has struck down new shareholder voting guidelines for a buyout proposed by company founder Michael Dell and his associates, Silver Lake Partners, which are in a fight with investor Carl Icahn to take the PC maker private. ...
Tags: Dell, Computer Products
The bid by Michael Dell to take the eponymously titled company he founded private looks to be heading for failure after the special committee set up by the company to handle the buy-out rejected a request to change the voting rules. ...
Tags: Michael Dell
Carl Icahn, who is attempting to buy out technology company Dell in opposition to company founder Michael Dell, has sued the company and its board as the bidding war continues. Icahn asked the court to block changes in the rules of board ...
Tags: Buyout Race, Dell
Dell's board has struck down new shareholder voting guidelines for a buyout proposed by company founder Michael Dell and his associates, Silver Lake Partners, which are in a fight with investor Carl Icahn to take the PC maker private. ...
Tags: Dell Board
The takeover bout for Dell resumed on Monday, with investor Carl Icahn sounding off on the proposal from Michael Dell and Silver Lake Partners to change rules governing the shareholder vote for a revised bid to take the PC maker private. ...
Tags: Proposed Deal, Dell