• 28 Jan 2013 at 4:27 PM

Busy Friday for Carl Icahn

By Jon Shazar

Carl Icahn isn’t letting his historic, televised, verbal beat-down of Bill Ackman distract him from the thing that, unlike this Ackman guy, he likes: namely, harassing companies to do his bidding.

Activist investor Carl Icahn increased his stake in Transocean Ltd. to 5.6% and urged the offshore oil-drilling contractor to declare an at least $4-a-share dividend, saying he believes its shares are undervalued.

Mr. Icahn and his affiliates have had talks with Transocean management and plan to continue them, according to a regulatory filing. Mr. Icahn “strongly believes” Transocean should return capital to shareholders and should declare a per-share dividend of at least $4.

Icahn Urges Transocean to Issue Big Dividend [WSJ]
Icahn raises stake in Transocean [MarketWatch]

Comments (11)

  1. 1
    Posted by Sean Bean, CFA | January 28, 2013 at 4:40 PM

    Shazar, you add less value to Dealbreaker than Nick Leeson added to Barings.

  2. 2
    Posted by EveryFilmOfHis | January 28, 2013 at 4:57 PM

    Spoiler Alert: Sean Bean dies at the End.

  3. 3
    Posted by Bejujular | January 28, 2013 at 5:02 PM

    Past: Citi is bad at things, Present: Icahn also likes whining like a Jewish boy at school, Future: Sun rises.

  4. 4
    Posted by Matt Levine | January 28, 2013 at 5:05 PM

    Jon, here's a link to Jana's latest presentation on Agrium: http://www.janaaguanalysis.com/docs/JANA%20Januar…

    When you can make charts like that you can have author big-boy posts, until then just try not to fuck up opening bell too much so I can sleep of my hangover after too many margs.

  5. 5
    Posted by Well Played | January 28, 2013 at 5:13 PM

    My theory is Bess occasionally likes to bring in new "talent" to remind THE MAN of her worth, that she is one-of-a-kind, and that without her this site would be SHIT…

    Bess, any word on the DB bonus numbers?

  6. 6
    Posted by Ewan McGregor, MBA | January 28, 2013 at 5:36 PM

    It's not actually terrible… at least for a Shazar post.

  7. 7
    Posted by mopickens | January 28, 2013 at 5:57 PM

    another scumbag that needs to go on down the road

  8. 8
    Posted by 4th Grade UBS Guy | January 28, 2013 at 6:34 PM

    Were you recently assaulted on an outer borough playground?

  9. 9
    Posted by mopickens | January 28, 2013 at 6:46 PM

    no but I think I saw carl chasing a school bus yesterday

  10. 10
    Posted by skeptical | January 28, 2013 at 6:50 PM

    "beat-down of Bill Ackman"? Shazar, I think you might have watched the wrong clip.

  11. 11
    Posted by 10xLevered | January 28, 2013 at 7:05 PM

    Oh, ok.