Friday, 24 October 2014
Last updated 9 hours ago
Feb 11 2011 | 8:21am ET
Carl Icahn has once again extended his $665 million tender offer for energy company Dynegy Inc., in spite of the fact that the first extension persuaded almost no new shareholders to sign up.
The Icahn Enterprises chief is now giving Dynegy investors until Valentines Day to make their decision; the bid was first set to expire in January and then on Wednesday. But given that the tepid support—only about 4.4% of shareholders had tendered their shares by Wednesday, about the same as at the first deadline—it seems likely that the offer will be defeated.
That's good news for hedge fund Seneca Capital, which has already defeated—along with Icahn—one offer for Dynegy and seems poised to win again.
Icahn can continue to extend the deadline on his offer until September.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.