New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 11, 2013
09:18 EDTIEPIcahn Enterprises raises annual distribution to $4.00 per depositary unit
Icahn Enterprises announced that the board of its general partner has approved a modification to the company's distribution policy to provide for an increase in the annual distribution from $1.40, comprised of 40c in cash and $1.00 in depositary units, to $4.00 per depositary unit, payable in either cash or additional depositary units, at the election of each depositary unit holder. The board of the general partner has declared a quarterly distribution for Q1 in the amount of $1.00, which will be paid on or about April 15 to depositary unit holders of record at the close of business on February 21. Depositary unit holders will have until March 14 to make an election to receive either cash or additional depositary units; if a holder does not make an election, it will automatically be deemed to have elected to receive the dividend in cash.
News For IEP From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
November 25, 2014
16:50 EDTIEPIcahn says agreed to exchange $286M Taj Mahal debt for equity
In an open letter to Local 54 president Bob McDevitt, Carl Icahn commented on the Shareholders' Square Table website: "I also care about the Taj Mahal, and that is why I am doing everything I can to save the jobs of the 3,000 employees who work there. To that end, I am agreeing to exchange my $286M of outstanding debt for equity and, if the proper deal is reached with the City, State and Union, to invest an additional $100M in the Taj. In addition, even though the Judge observed that the Union did not bargain in good faith and ruled that the company could terminate the existing healthcare plan and pension, I have told the company that I will even go along with their proposal to restore Local 54 healthcare for two years and create a new pension, if Local 54 will withdraw its appeal and provide labor peace." Reference Link
November 14, 2014
17:01 EDTIEPIcahn Associates gives quarterly update on stakes
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use