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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.
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February 11, 2016
06:32 EDTIEPAIG's Hancock in back-and-forth with Icahn over performance, WSJ says
A few days after Icahn Enterprises' (IEP) Carl Icahn unveiled his plan calling for a breakup of AIG (AIG), AIG CEO Peter Hancock traveled to Icahn's office to hear him out, the Wall Street Journal reports, citing people briefed on the matter. Hancock then hired bankers to study possible divestitures and ultimately introduced a plan a month ago that could slim down the company over time, a plan which still falls short of what Icahn wants, the report says. Icahn needs to decide by this weekend whether he will start a proxy fight for AIG board seats, the report says. The back and forth between Hancock and Icahn reflects the increasing role of activists in a range of industries, the report says. Reference Link
February 3, 2016
07:34 EDTIEPIcahn Enterprises announces expiration of cash tender offer for Pep Boys shares
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