Busy Friday for Carl Icahn

Carl Icahn isn't letting his harassing companies to do his bidding.

Author:
Dealbreaker
Updated:
Jan 14, 2019
Original:
Jan 28, 2013

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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This news comes as a shock to 2008 Carl Icahn.

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In response to Icahn telling Bloomberg he neither likes, nor respects the Pershing Square founder, Bill Ackman got a couple important points of his chest, the first being that 1. The feeling's mutual, buddy! And 2. You can tell Carl Icahn is lying if his lips are moving.

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When Mark Hughs founded a multi-level marketing company called Herbalife in 1980, he probably thought it had the power to do a lot of things. Help people lose weight. Makes others rich. Shake up the diet industry. What he mostly likely did not expect, however, was that his li'l company that could would reignite a feud between two billionaires that would devolve into a flurry of press releases quibbling over who was dying to be friends with whom, shouting matches on live TV, and, we predict, someone telling someone else he has a right mind to "Rip the eyes out of your head and piss into your dead skull! You messed with the wrong hedge fund manager!"

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If Apple doesn't hit $216/share, his name isn't Carl "King of the Queens Schoolyard" Icahn

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...but to take the first in a series of steps that will ultimately lead to its CEO maybe being replaced by one of Carl's choosing.

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