peHUB First Read

This morning’s First Read has news about protests breaking out in New York after a cop is cleared in chokehold death, Google beats Apple in TV streaming and NASA ushers in a new era with Orion launch.


peHUB Second Opinion

In Second Opinion, the iPhone 6 is way more popular than the iPhone 6 plus, the Onion goes up for sale, Microsoft is launching a web-based version of Skype and the first women-focused venture summit has been postponed until next year.

Actress Betty White poses for a photograph in Los Angeles

peHUB Second Opinion

In Second Opinion, Carl Icahn sells his entire stake in Family Dollar Stores, should universities get involved in venture capital and Michael Bloomberg is returning to lead the company he founded.


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!

The End shutterstock_85675018

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.

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