For most Americans months away from their 80th birthday, life has long since settled into a post-retirement routine. For Carl Icahn, who will turn 80 in February, he’s just getting started, going after larger targets than ever. Last week, Icahn announced he was forming a Super PAC with $150 million of his own money to promote legislation to… Read More »
Two years after successfully fending off legendary activist Carl Icahn and his plan to break up the company, some think that Oshkosh Corp(OSK) management may be planning a spinoff of its own. Maureen Farrell of the Wall Street Journal reports on a recent note by CreditSights analyst Jeff Wichmann. Wichmann suggested that Oshkosh may be considering a spinoff… Read More »
We first discussed the idea that Ebay(EBAY) might spin off PayPal nearly four years ago, on October 28, 2010. More recently, the company and CEO John Donahoe repeatedly resisted withering attacks from legendary activist investor Carl Icahn, who began pushing for the spinoff early this year. Today, the company has reversed course, and announced that it will spin… Read More »
Carl Icahn is not a patient man, but he also doesn’t easily give up. Throughout his storied career, he has profited from forcing companies to make tough decisions to unlock value. Icahn, who owns 9.64% of Oshkosh Corporation(OSK), lost a bruising proxy battle for six seats in January. At the time he had urged the company to reverse… Read More »