Icahn
| 6:30PM 4/04/2011
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Blockbuster on Monday kicked off the confidential auction process that will decide its future. Billionaire Carl Icahn and others have bid for the troubled video-rental chain.
| 9:34AM 9/15/2010
Sanofi-Aventis CEO Chris Viehbacher said Wednesday that he believes his French pharmaceutical company will eventually buy U.S. biotech company Genzyme at a reasonable price. However, he expects it will take some time to agree on a deal, and he won't rush into anything.
| 6:59AM 9/13/2010
Genzyme (GENZ) announced that it has agreed to sell Genzyme Genetics to Laboratory Corporation of America Holdings (LabCorp) (LH) for for $925 million in cash.
Cambridge, Mass.-based Genzyme said that under the terms of the agreement, LabCorp will purchase the genetic testing business in its...
| 1:00PM 1/20/2010
Does anyone want to buy a bankrupt Las Vegas casino? Well, in the case of the Fontainebleau Las Vegas, the answer was an enthusiastic yes, as at least three real estate investors bidded on the property. Billionaire financier Carl Icahn cleared the table with a $156 million offer, leaving San...
| 8:30AM 12/21/2009
Suggested reads for investors on the internet: Buffett, Cuban, Paulson
| 4:40PM 10/19/2009
Billionaire financier Carl Icahn pulled no punches on Monday in a scathing open letter to the board of CIT Group (CIT). The foundering century-old lender "shamelessly" offered to sell big bondholders $6 billion in loans to the company at "well below fair market value," all to the detriment of...