Thursday, 18 September 2014
Last updated 6 hours ago
Jul 30 2014 | 8:14am ET
If, as he hopes, another bidder drives up the price for discount retailer Family Dollar Stores, Carl Icahn won’t be reaping the full benefit.
The billionaire yesterday disclosed that he had cut his stake in Family Dollar to just over 6% from 9.4%. The move comes after Dollar Tree offered $8.5 billion for Family Dollar, less than two months after Icahn began agitating for a sale.
Icahn said this week that there were several other possible bidders for Family Dollar who might pay more for the company. But after earning an estimated $174 million profit in just seven weeks, Icahn said he decided “that better returns can be achieved by deploying capital elsewhere.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.