Hints and tips:
...With Durban’s guidance, Dell fended off an activist approach by Carl Icahn and orchestrated the $67bn takeover of tech conglomerate EMC in 2016....
...Another heavily-traded company that until recently was a penny stock is Mullen Automotive....
...China started commercial driverless development in 2013, about five years after groups in the US....
...Tamil Nadu is India’s biggest exporter of electronics and a hub for its automotive industry....
...reappointment of the chief executive and chair of Illumina, the world’s largest gene sequencing company, saying the pair have failed to take responsibility for the “value crimping” acquisition of cancer-screening group...
...Activist investor Carl Icahn attacked the deal as reckless and pushed for the exit of Illumina’s longstanding chief executive Francis deSouza, who in June agreed to step down....
...The Dell buyout and the EMC takeover were hotly contested on Wall Street, drawing criticism from activist investors such as Carl Icahn....
...During the two deals, Dell and Silver Lake tangled with activist shareholders like Carl Icahn and resorted to heavy financial engineering....
...Icahn is the short seller’s latest target after India’s Adani Group and Jack Dorsey’s payments group Block....
...He said his investment group would nominate three directors to Illumina’s board at the upcoming annual shareholding meeting, who he argued could bring a “badly needed dose of sanity” to Illumina’s boardroom...
...He said: “This smells strongly to us like a quid pro quo — a group of trepidatious directors were dragged reluctantly, kicking and screaming, by management into an extremely risky deal and ultimately conditioned...
...The fine, which can be up to $453mn or 10 per cent of the group’s turnover, would exceed the previous record of €125mn imposed on telecoms group Altice in 2018 — 1 per cent of the company’s turnover, according...
...The San Diego-based company’s decision to complete the acquisition unleashed a challenge from Carl Icahn....
...On Monday, its boss Francis deSouza resigned after a proxy fight with activist investor Carl Icahn over Illumina’s decision to proceed....
...The south-east Asian nation has a decent automotive manufacturing base, tolerable infrastructure and some minerals useful to battery makers....
...After helping Michael Dell privatise his PC company in 2013 to the complaint of billionaire Carl Icahn, Silver Lake is well practised in navigating controversial takeovers....
...Smart reads The financier and the titan For nearly half a century, the mere mention of Carl Icahn struck terror in the hearts of corporate chieftains and moved markets....
...Contemporary Amperex Technology (CATL), the world’s largest maker of automotive batteries, has announced plans to mass-produce and supply sodium-ion batteries for EVs this year....
...One of his clients was Carl Icahn, who used Drexel funds to take over Trans World Airlines in 1985. “His word has always been his bond,” Icahn told the FT. “All you needed was a handshake....
...Among the tracking stock shareholders to participate in the deal were big investors Elliott Management, Carl Icahn and BlackRock....
...On Thursday, the group disclosed its campaign in a securities filing....
...This week the Intel boss made his first big move, announcing the proposed spin-off of automotive sensor pioneer Mobileye, the FT’s Richard Waters reports....
...In the past year alone Uber’s driverless group merged with Aurora, Lyft’s “Level 5” unit was sold to a division of Toyota, and Cruise, the driverless unit of GM, acquired the start-up Voyage....
...The group is making plans to enter the US, one of the world’s most competitive car markets....
...Private capital groups including Blackstone, Apollo Global Management and Carlyle Group built up sharply different portfolios before and during the pandemic, putting billions of dollars to work even as the...
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