Wednesday, 25 November 2015
Last updated 6 hours ago
Sep 4 2013 | 11:06am ET
When Carl Icahn and Apple Inc. CEO Tim Cook sit down to dine this month, the electronics company's dividend may not be the only matter on the table.
Icahn has increased his stake in Nuance Communications to 16.9%, raising speculation that he may push Apple to make a play for the speech-recognition software company. Apple and Nuance are no strangers to one another, with the former having used some of the latter's technology to develop its Siri voice-activated personal assistant.
Icahn's Nuance purchases bring him near the 20% ownership level that would activate the company's poison pill provision.
Separately, Icahn will also slash his investment in organic-products maker Hain Celestial Group, the company said yesterday. Icahn currently owns more than 15% of the company; after the sale, he'll own about 7.5%.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…