Busy Friday for Carl Icahn

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]

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11 Responses to “Busy Friday for Carl Icahn”

  1. Sean Bean, CFA says:

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

  2. EveryFilmOfHis says:

    Spoiler Alert: Sean Bean dies at the End.

  3. Bejujular says:

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

  4. Matt Levine says:

    Jon, here's a link to Jana's latest presentation on Agrium:

    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. Well Played says:

    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. mopickens says:

    another scumbag that needs to go on down the road

  7. mopickens says:

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

  8. skeptical says:

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

  9. 10xLevered says:

    Oh, ok.