Ichan Is At It Again
- Thread starter javaboy
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PITbull
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Sorry. I'm not a subscriber to WS and don't want to pay.
Can you post exerpts of the ariticle....
It sounds from your description that Icahn wants in on the Lorenzo type strategy he is so accustomed to. Wants a piece of the action..like the Lorenzo offsprings we have here at U.
Can you post exerpts of the ariticle....
It sounds from your description that Icahn wants in on the Lorenzo type strategy he is so accustomed to. Wants a piece of the action..like the Lorenzo offsprings we have here at U.
U.K. Pension Issue Boggs Down
Federal-Mogul's Bid to Emerge
By SILVIA ASCARELLI
Staff Reporter of THE WALL STREET JOURNAL
August 10, 2004
LONDON -- U.S. financier Carl Icahn, one of the most prominent "corporate raiders" of the 1980s, is at the heart of a showdown over the future of nearly 40,000 United Kingdom workers' pensions.
Mr. Icahn -- who once owned oil giant Texaco and air carrier Trans World Airlines and now is starting a hedge fund -- is the largest bondholder at Federal-Mogul Corp. of Southfield, Mich., an auto-parts supplier in the Detroit suburb that could emerge from Chapter 11 bankruptcy reorganization later this year. Bondholders, led by Mr. Icahn, would then own 49.9% of the company and control the board.
Federal-Mogul's Bid to Emerge
By SILVIA ASCARELLI
Staff Reporter of THE WALL STREET JOURNAL
August 10, 2004
LONDON -- U.S. financier Carl Icahn, one of the most prominent "corporate raiders" of the 1980s, is at the heart of a showdown over the future of nearly 40,000 United Kingdom workers' pensions.
Mr. Icahn -- who once owned oil giant Texaco and air carrier Trans World Airlines and now is starting a hedge fund -- is the largest bondholder at Federal-Mogul Corp. of Southfield, Mich., an auto-parts supplier in the Detroit suburb that could emerge from Chapter 11 bankruptcy reorganization later this year. Bondholders, led by Mr. Icahn, would then own 49.9% of the company and control the board.
