Despite a bankruptcy filing by home builder WCI Communities, its chairman may just have a reason to smile.
Carl Icahn has to be glad he did not end up buying all of WCI Communities last year.
In March 2007, after talks with the company did not go anywhere, the activist investor launched a tender offer for all […]
Posted on August 4th, 2008 by
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Following the standard corporate merger playbook, ImClone Systems and its chairman Carl Icahn have called Bristol-Myers Squibb’s $60 per-share takeover offer “inadequate.” Doesn’t it seem like just yesterday Bud brewer Anheuser-Busch was saying the same thing about InBev’s bid?
The two companies have strong links– Bristol already owns about 16.6 percent of ImClone and is seeking to […]
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A few articles recently on Slate.com and in the New York Times talk about the dearth of tech IPOs and how ironically no one in the Valley seems to care. …
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From Silicon Alley Insider, Aug. 4, 2008: Motorola’s shareholders already love Sanjay Jha, the company’s new cellphone division CEO: Shares are up 10.4% today to $9.73. …
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From Silicon Alley Insider, August 4, 2008:Think you have tickets to exciting events in Beijing next week? Pray
hard. Because with today’s photocopying technology, it’s awfully hard
to tell the real ones from the ones that aren’t worth the paper they’re
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As the credit crunch moves into its second year, a big concern for many observers is the fact that long-term rates have risen despite the Fed’s aggressive rate-cutting campaign.The Fed controls short-term rates, and its 325 basis points
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When the S&P Case-Schiller Home Price Index recently was released, showing prices fell the most on record, some market watchers parced the data and hopefully noted some regions fared better than forecast. …
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Despite its obvious concerns about inflation, the Fed is widely expected to leave rates unchanged at Tuesday’s policy meeting. The weak housing market, rising unemployment, and ongoing stress in the credit markets will prevent the Fed from aggressively tr
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