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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.

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