It had been a while since we checked in on the doings of billionaire corporate raider (but also philanthropist) Carl Icahn, so let’s catch up with Far Rockaway’s favorite son.
Mr. Icahn’s efforts to take over Lion’s Gate, the company that makes “Mad Men,” have basically failed (for now; Mr. Icahn is very tenatious). But what he lacks in showbusiness-buyout skills, he apparently makes up in his ability to woo the boards of energy companies. Dynegy has agreed to accept Mr. Icahn’s offer of $5.50 a share. Carl has succeeded where others were turned away; Steve Schwarzman’s Blackstone Group had launched a $5-per-share bid in November but was rebuffed.
mtaylor [at] observer.com | @mbrookstaylor