ActiveAllocator Research – Activist hedge-funds have been largely opaque and mysterious and have acquired a certain myth. Whether they are seen as corporate raiders specializing in hostile takeovers and asset stripping of publicly listed businesses or activist investors is very much in the eye of the beholder? To understand typical strategies, I analyzed 15 Icahn transactions over the years. These also include Hollywood Entertainment, CSX, Kerr-McGee, Lear Corporation, Mylan Laboratories, Nabisco, Temple-Inland, Time Warner, USX, VISX. Here are some of my take-aways.
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