Activist investors find hot commodity in CSXSource: The Jacksonville Times-Union
Jacksonville-based railroad CSX Corp. is attracting more attention from activist investors, with filings with the Security and Exchange Commission revealing that billionaire Carl Icahn purchased 2.6 million of the company's shares.
What Does Lampert Want with Citi?Source: Business Week
Shares of Citi rose May 16 on news that hedge fund mogul Edward Lampert, the head of ESL Investments, had acquired a small stake in the market-lagging financial supermarket.
Icahn Appears to Fall Short at Motorola Source: The New York Times
Carl Icahn's attempts to shakeup the board at Motorola by gaining a board seat and start moving the company in a different direction have failed.
Fortune HunterSource: Portfolio.com: Top 5
An in-depth article behind Boone Pickens, the legendary activist investor and takeover king.
Marriott CEO surprised by Wall Street reactionSource: Toronto Star
Some shareholders are concerned about Marriott's board of directors despite their re-election.
Shareholders re-elected to the board former Smithsonian Institution secretary Lawrence Small, who resigned from the museum complex last month following criticism over his expenses.
AstraZeneca to Buy MedImmune for $15.6BSource: amny.com
Pharmaceutical companies are turning to vaccines to grow because the market has few producers and a reduced risk of generic competition. Interest was spurred by the emergence of the deadly strain of bird flu in Asia with no vaccine to protect against it.
Stockpickr: Investing the Carl Icahn WaySource: TheStreet.com
Carl Icahn has been on a tear lately. The corporate raider-turned-activist investor has basically run roughshod over corporate America in the past two years, taking no prisoners.
Activist Track: No Rest for eSpeedSource: TheStreet.com
Chapman Capital is at it again and the changes look promising....
A heated battle has been shaping up between electronic bond trading company eSpeed (ESPD - Cramer's Take - Stockpickr - Rating) and activist investors Chapman Capital and WC Capital.
GigaOM » Sprints own activist investorSource: GigaOM
The Wall Street Journal published an article this morning about disgruntled investor Ralph Whitworth, whos investment firm reportedly owns a $500 million stake, or almost 1%, of Sprint (Reuters report here).
Bloomberg.com: WorldwideSource: Bloomberg.com
MBIA Inc., owner of the world's largest bond insurance company, should fire its top executives, return management bonuses and reimburse its insurance unit for losses related to tax liens, according to investor Pershing Square Capital Management LP.
CFO to Activist Investor: "F*ck You!"Source: dealbreaker.com
Mr. Shahbazian reacted temperamentally to Mr. Chapman with the eloquent response, "@!$%# you!" Mr. Chapman then forcefully informed Mr.
Icahn bids for chunk of home builder Source: CNN
It's amazing what news like this does for a stock. Activist investors know how to unlock value (sometimes in sleazy ways, of course).