|Bid||72.00 x 1300|
|Ask||72.14 x 800|
|Day's range||71.80 - 72.55|
|52-week range||49.13 - 73.23|
|PE ratio (TTM)||4.78|
|Earnings date||6 Aug 2018 - 10 Aug 2018|
|Forward dividend & yield||7.00 (9.61%)|
|1y target est||49.00|
The industrials sector tends to be highly cyclical, impacting companies operating in an array of areas such as building products, aerospace and defence. Hence, considering economic volatility is of paramountRead More...
Jacobson was aware, too, that the rest of Xerox’s board was dissatisfied with him. Be more constructive with your feedback, please! But by this point, Xerox Corp.’s board of directors wasn’t really looking to give Chief Executive Officer Jeff Jacobson pointers on how to improve his performance. By midsummer, the board had concluded that Jacobson was incapable of leading Xerox.
Shares of Herbalife Nutrition Ltd. tumbled 7.3% in morning trade Friday, after its largest shareholder, Icahn Enterprises LP disclosed that it was looking to trim its stake. Icahn Enterprises (IEP) said it was tendering up to 11.4 million Herbalife shares, or about a quarter of the 45.7 million shares, or 25.9% of the outstanding shares, it currently owns. Icahn Enterprises first acquired Herbalife shares at the end of 2012.
Jim Cramer fires off his take on callers' favorite stocks, including a biopharmaceutical play facing a rival.
The activist investor started accumulating AIG shares in 2015 and became its third largest investor with a 4.76 percent stake as of the end of 2017. Icahn exited AIG when the company's stock changed hands at a price between $60 and $65 - levels last seen in February, one of the sources said. At $65 per AIG share, Icahn's stake would have been worth $2.78 billion (2.05 billion pounds), according to Reuters' calculations.
Xerox said its entire board and management team would stay, as the agreement to oust them reached with dissenting shareholders Darwin Deason and Carl Icahn expired late Thursday. "With the caveat that I have not been privy to these negotiations, I find the rejection of the settlement by the Xerox board to be extraordinary and highly unusual," said Guhan Subramanian, a professor at Harvard's law and business schools, who served as an expert witness for the activist shareholders in the litigation.
Billionaire investor Carl Icahn’s more than two-year adventure with insurance giant American International Group is over. The sale is reflected in an investor presentation recently put out by Icahn’s publicly traded investment vehicle. It has also been confirmed by an individual familiar with the matter. Carl Icahn, Chairman, Icahn Enterprises.
Xerox said its entire board and management team would stay, as the agreement to oust them reached with dissenting shareholders Darwin Deason and Carl Icahn expired late Thursday. "With the caveat that I have not been privy to these negotiations, I find the rejection of the settlement by the Xerox board to be extraordinary and highly unusual," said Guhan Subramanian, a professor at Harvard's law and business schools who served as an expert witness for Xerox in the litigation.
The billionaire investor last month nominated a five-person slate looking to replace the board, but SandRidge in an SEC filing on Friday said adding more than two Icahn nominees could delay a strategic alternatives review. Icahn, who owns about 13.5 percent of SandRidge's float, has successfully scuttled SandRidge's planned buyout of rival Bonanza Creek Energy Inc (BCEI.N) and forced the removal of the company's chief executive and finance chief.
On a per-share basis, the New York-based company said it had net income of 77 cents. The diversified holding company posted revenue of $5.45 billion in the period. Icahn Enterprises shares have risen 27 ...
Carl Icahn’s company is selling its majority-owned casino subsidiary, Tropicana Entertainment, for about $1.85 billion.
Carl Icahn has pulled off his second coup in two weeks, as Icahn Enterprises (IEP), the limited partnership that he controls, reached a deal to sell its majority-owned casino company, Tropicana Entertainment (TPCA), for $1.85 billion to Gaming and Leisure Properties (GLPI) and Eldorado Resorts (ERI). Icahn started assembling Tropicana, whose properties including a casino-hotel in Atlantic City, in 2008, when Tropicana was in bankruptcy. The transaction follows a deal last week, when Icahn Enterprises agreed to sell its wholly owned auto-parts company, Federal-Mogul, to Tenneco (TEN) for about $2.4 billion in cash and stock, netting an estimated profit of $700 million -- about a year after Icahn Enterprises bought out minority holders.
ATLANTIC CITY, N.J. (AP) — Carl Icahn's company struck an approximately $1.85 billion deal Monday that would fuse the gambling and hotel operations of Tropicana Entertainment to Eldorado Resorts Inc.
After scooping up bankrupt casinos at discount prices, Carl Icahn’s company is cashing in its chips, selling everything in the sector except a small Atlantic City casino that isn’t operating. Icahn Enterprises LP said Monday it has reached deals to sell its majority-owned subsidiary, Tropicana Entertainment Inc., for $1.85 billion. The company owns about 84% of Tropicana, which operates eight casinos and resorts in the U.S. and Aruba, including its flagship property, Tropicana Atlantic City.
Under the deal announced on Monday, six of the eight casino properties run by Tropicana will be sold by Icahn Enterprises LP to real estate investment trust Gaming and Leisure Properties for $1.21 billion. The casino operations will be taken over by Eldorado, which will pay the remaining $640 million and lease the properties from GLPI for an initial 15-year period.
Under the deal announced on Monday, six of the eight casino properties run by Tropicana will be sold by Icahn Enterprises LP (IEP.O) to real estate investment trust Gaming and Leisure Properties (GLPI.O) for $1.21 billion. The casino operations will be taken over by Eldorado, which will pay the remaining $640 million and lease the properties from GLPI for an initial 15-year period.
Carl Icahn’s company has struck an approximately $1.85 billion deal that would fuse the gaming and hotel operations of Tropicana Entertainment to Eldorado Resorts
Icahn Enterprises L.P. said Monday its majority-owned business Tropicana Entertainment Inc. has entered an agreement to sell its real estate to Gaming & Leisure Properties Inc. and to merge its gaming ...
Tenneco plans to separate into two independent, publicly traded companies - one focusing on powertrain products and the other on auto parts such as suspensions and axle dampers - after the deal closes. The aftermarket parts company would provide a potentially steady cash flow. B. Riley analyst Christopher Van Horn said the Federal-Mogul deal could drive expectations of more consolidation in the sector.