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peHUB Second Opinion

In Second Opinion, Sheryl Sandberg pledges to give away half of her fortune, why Apple is supposedly buying Beats Electronics, the new interim CEO of the L.A. Clippers and execs sells Twitter shares. Happy Mother’s Day everyone!

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Blackstone Ends Bid for Dell – Sources

(Reuters) – Blackstone Group LP has ended its pursuit of Dell Inc., three people familiar with the matter said on Thursday, easing the way for founder Michael Dell and his private equity partner Silver Lake to go ahead with a $24.4 billion deal to acquire the world’s No. 3 PC maker.

Commercial Metals Rejects Billionaire Investor Offer

Commercial Metals Co has rejected billionaire investor Carl Icahn’s $1.73 billion bid to buy out the metals recycler, writes Reuters. The company said the offer substantially undervalued the business and was “opportunistic,” reports Reuters. (Reuters) – Commercial Metals Co rejected billionaire investor Carl Icahn’s $1.73 billion bid to buy out the metals recycler, saying the […]

Icahn Sells Motorola Shares

Activist investor Carl Icahn reported in a regulatory filing that he sold 2.9 million shares of Motorola Mobility Holdings for $114 million, writes Reuters. The 2.9 million shares were sold at a slightly lower price than Google’s offer of $40 a share for Motorola Mobility, according to Reuters. (Reuters) – Activist investor Carl Icahn reported […]

Icahn Ups Stake in WebMD

Billionaire investor Carl Icahn has increased his stake in WebMD Health Corp., Reuters reported Thursday. In a regulatory filing, the fund-manager revealed a stake of 9.49% in the company, up nearly 1.5 percent points, from the shareholding he declared on Oct 21, Reuters wrote. Icahn’s stake now is the largest single position in the company.

Carl Icahn Takes 9.8% Stake in Navistar

Billionaire investor Carl Icahn has taken a 9.8% stake in truck and engine maker Navistar International Corp., Reuters wrote Friday. In a regulatory filing, Icahn said that he has held talks with Navistar’s management to discuss its business and will seek to have additional conversations to discuss strategies, Reuters wrote.

Clorox Says ‘No’ to Icahn, Again

Clorox Co. turned down a revised buyout offer from billionaire Carl Icahn, calling the $80 per share bid “inadequate,” Reuters reported. Icahn had upped the offer from his original $76.50 a share bid. The latest valued Clorox at $10.66 billion. Icahn is the company’s largest shareholder.

Icahn Offers $10.2B for Clorox

Billionaire Carl Icahn has offered $10.2 billion to buy Clorox Co., Reuters reported. At $76.50 per share, the offer represents an 11% premium to the company’s closing price Thursday. Icahn bought a stake in the company in February, and said he owns 9.4% of its outstanding stock. Icahn also said he had arranged for $7.8 billion in financing for the deal through Jefferies & Co., Reuters wrote.

Leaving Las Vegas

As many of you know by now, the Federal Bureau of Investigation seized assets belonging to some of the world’s biggest online poker sites, including the cash accounts of their vast network of American players. (It’s still okay if you pretend in front of your boss that the primary reason you take the iPad to […]

Reuters: Blockbuster Auction Monday Looking Crowded

NEW YORK, April 4 – Multiple bidders are expected to vie for bankrupt movie rental chain Blockbuster at an auction on Monday that will decide the company’s next owner and amount of money available to pay off claims. Once the world’s largest video chain, Blockbuster had a market cap of more than $5 billion at […]

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Schwarzman, At $5.9B, Among Richest LBO Pros (Well Ahead Of Kravis): Corrected

My colleague Alastair Goldfisher took a swing already at the venture capitalists on the Forbes list of the world’s billionaires. Perhaps it’s no surprise there are more dudes from the buyouts world (and way predominantly, these superwealthy folks are of the male persuasion) on this list than there are from VC.

The thing that may be more surprising is that the richest of the rich in the buyouts world, although they swim in the same waters as the fund managers we focus on here, don’t play with the same pools.

Consider, for instance, Warren Buffet, No. 3

Carl Icahn to Clients: Take Your Money; I’m Done

Billionaire hedge fund manager Carl Icahn said he plans to return all of his clients’ money, becoming the latest in a string of investors who no longer want to manage money for outsiders. “After careful consideration of all relevant factors, we have determined to return all fee-paying capital to investors,” the 75-year-old stock picker wrote […]

Carl Icahn to Buy Mentor Graphics

Billionaire investor Carl Icahn has offered $17 per share, or $1.73 billion, to buy chip-design software maker Mentor Graphics Corp., Reuters reported. The offer represents a 17% premium over the company’s closing price Friday. Icahn currently holds a 14.7% stake in Mentor.

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