|Over a week ago|
Icahn Enterprises confirms intent to maintain $2.00 per unit dividend » 15:5703/2303/23/20
In response to investor…
In response to investor inquiries and market speculation, Icahn Enterprises confirmed that it is the intention of the Board of Directors of the general partner of Icahn Enterprises to maintain the regular quarterly distribution, in the amount of $2.00 per depositary unit, for the foreseeable future. Depositary unitholders will continue to have the right to make an election each quarter to receive either cash or additional depositary units; if a unitholder does not make an election, it will automatically be deemed to have elected to receive the distribution in cash. "Icahn Enterprises and its subsidiaries maintain ample liquidity to take advantage of attractive opportunities for their respective businesses. Icahn Enterprises' liquid assets - comprised of cash and cash equivalents and investments in the investment funds comprising Icahn Enterprises' Investment segment - totaled over $6 billion as of March 20, 2020. This does not include the indicative net asset value of Icahn Enterprises' operating subsidiaries, which totaled approximately $5.5 billion as of December 31," the master limited partnership said.
Icahn says he didn't make any bid for acquire HP Inc. » 12:5103/1303/13/20
HPQ, XRX, IEP
Carl Icahn is speaking on…
Carl Icahn is speaking on CNBC.
Icahn says will try to get control of Occidental Petroleum » 12:4603/1303/13/20
Carl Icahn is speaking on…
Carl Icahn is speaking on CNBC.
Icahn Enterprises board declares quarter distribution of $2.00 per unit » 08:0602/2802/28/20
On February 26, 2020, the…
On February 26, 2020, the Board of Directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $2.00 per depositary unit, which will be paid on or about April 28, 2020 to depositary unitholders of record at the close of business on March 20, 2020. Depositary unitholders will have until March 17, 2020 to make an election to receive either cash or additional depositary units; if a unitholder does not make an election, it will automatically be deemed to have elected to receive the distribution in cash. Depositary unitholders who elect to receive additional depositary units will receive units valued at the volume weighted average trading price of the units on NASDAQ during the 5 consecutive trading days ending April 24, 2020. No fractional depositary units will be issued pursuant to the distribution payment. Icahn Enterprises will make a cash payment in lieu of issuing fractional depositary units to any unitholders electing to receive depositary units. Any unitholders that would only be eligible to receive a fraction of a depositary unit based on the above calculation will receive a cash payment.
Icahn Enterprises reports Q4 EPS (70c) vs ($2.30) last year » 08:0602/2802/28/20
Reports Q4 revenue…
Reports Q4 revenue $2.62B, one est. $2.95B. For the three months ended December 31, 2019, Adjusted EBITDA attributable to Icahn Enterprises was $111M compared to $(108)M for the three months ended December 31, 2018. For the three months ended December 31, 2019, Adjusted EBIT attributable to Icahn Enterprises was $22M compared to $(188)M for the three months ended December 31, 2018.
|Over a month ago|
Icahn boosts Hertz, cuts Freeport in Q4 » 16:2102/1402/14/20
HTZ, IEP, OXY, FCX, CVR, HLF, CZR, HPQ
Carl Icahn's Icahn…
Carl Icahn's Icahn Capital disclosed in an SEC filing its holdings as of December 31, 2019. The fund increased its stake in two holdings during the quarter, namely Hertz (HTZ) and Icahn Enterprises LP (IEP). Icahn decreased its stake in two holdings, namely Occidental (OXY) and Freeport-McMoRan (FCX). The fund's told holdings as of December 31, in order of size, were Icahn Enterprises, CVR Energy (CVR), Herbalife Nutrition (HLF), Caesars Entertainment (CZR), and HP Inc. (HPQ).
U.S. Auto Parts names Icahn Automotive SVP David Morris as CMO » 14:0501/0801/08/20
US Auto Parts Network…
US Auto Parts Network (PRTS) has named David Morris, formerly the SVP of Merchandising and Inventory Control at Icahn Automotive LLC (IEP), as its new Chief Merchandising Officer. In this role, Morris will serve as a member of the company's executive team, leading global sourcing, merchandising and product development for CarParts.com and JC Whitney. He will also help lead its growth strategy and inform its approach to trade and supply chain issues. "David has spent his entire career creating opportunities and ensuring quality in the automotive industry," said US Auto Parts CEO Lev Peker. "He has a tremendous track record with Icahn Automotive, and we are excited for him to bring that same strong approach to CarParts.com and JC Whitney."
|Over a quarter ago|
Icahn tells HP to stop rearranging chairs on the Titanic and talk to Xerox » 09:3212/0412/04/19
HPQ, XRX, IEP
Carl Icahn, in an open…
Carl Icahn, in an open letter to HP Inc. (HPQ) shareholders, said, "I beneficially own 23,456,087 common shares of Xerox Holdings Corporation (XRX), constituting approximately 10.85% of the outstanding shares, and 62,902,970 common shares of HP Inc., constituting approximately 4.24% of the outstanding shares. These holdings place me among the largest shareholders of each company and I, as well as many others, believe firmly in the industrial logic of combining these two great American businesses. Amazingly, while HP's board and management have also declared publicly that they recognize the potential benefits of consolidation, the only thing standing in the way of moving quickly toward a combination that could yield $2+ billion of cost synergies is HP's board and management's unreasonable refusal to engage in a customary mutual due diligence process. What is the downside of a mutual expedited due diligence process where there is so much to gain? Because I see no other plausible explanation for HP to refuse to engage in customary mutual due diligence, I am left to wonder whether this is simply a delay tactic aimed at attempting to preserve the lucrative positions of the CEO and members of the board, which they fear might be affected if a combination does take place...I cannot believe that the recalcitrance of HP's board is driven by any real confidence in its standalone restructuring plan, which the market, shareholders and analysts met with extreme indifference and which seems to amount to little more than rearranging the deck chairs on the Titanic."
Icahn seeking control of Occidental's board, Bloomberg reports » 18:2511/2411/24/19
Carl Icahn is planning to…
Carl Icahn is planning to nominate a slate of ten directors for the board of Occidental Petroleum (OXY) in an attempt to "seize control of the board," according to Bloomberg's Scott Deveau, citing people familiar with the matter. Icahn plans to make the move before the November 29 deadline for nominations, the sources added.
Icahn bought 62.9M shares of HP, 54.8M shares of Cloudera in Q3 » 16:1411/1411/14/19
HPQ, CLDR, HTZ, CZR, CNDT, IEP, OXY, LNG, FCX, CVI, HLF
Carl Icahn disclosed in a…
Carl Icahn disclosed in a regulatory filing his holdings as of September 30, 2019. Icahn made two new buys in the third quarter: 62.9M shares of HP Inc. (HPQ) and 54.8M shares of Cloudera (CLDR). Icahn increased his holdings in four names: Hertz (HTZ), Caesars (CZR), Conduent (CNDT) and Icahn Enterprises (IEP). He decreased his holdings in three names: Occidental Petroleum (OXY), Cheniere Energy (LNG) and Freeport McMoRan (FCX). Icahn's top five holdings as of September 30 were Icahn Enterprises, CVR Energy (CVI), Herbalife Nutrition (HLF), Caesars and Cheniere Energy.