Hedge Funds

The Special Committee of the Board of Directors of Dell Inc. (NASDAQ: DELL) today sent a letter to Carl Icahn and Southeastern Asset Management, requesting additional information related to the proposed leveraged recapitalization transaction submitted to the Special Committee on May 9, 2013, as...

The following are the M&A deals, rumors and chatter circulating on Wall Street for Friday May 10, 2013: Illumina Shares Soar on Rumor of Roche $88/Share Bid The Rumor:Shares of Illumina (NASDAQ: ILMN) surged higher Friday, after Swiss publication L'Agefi reported Swiss pharma giant Roche (OTC...

The Special Committee of the Board of Dell Inc. (NASDAQ: DELL) today issued the following statement regarding a non-binding proposal it has received from Carl Icahn and Southeastern Asset Management: “Mr. Icahn and Southeastern have outlined a potential leveraged recapitalization transaction that...

Southeastern Asset Management, Inc. ® Advisor to Longleaf Partners Funds 6410 Poplar Avenue, Suite 900 Memphis, TN 38119 Icahn Enterprises L.P. 767 Fifth Avenue New York, New York 10153 May 9, 2013 Board of Directors Dell Inc. One Dell Way Round Rock, Texas 78682 Attn.: Lawrence P....

Carl Icahn and Southeastern Asset Management are offering an alternative to the $13.65 per share offer for Dell (NASDAQ: DELL) from Michael Dell and Silver Lake. Icahn's plan offers Dell shareholders a $12 per share cash distribution or $12 in additional shares worth $1.65 per share. The proposal...

The once high-flying Market Vectors Coal ETF (NYSE: KOL) is, for what feels like the first time in ages, enjoying a solid performance in Wednesday trade. Sparked by speculation of insider buying in Walter Energy (NYSE: WLT), coal stocks are popping and that is helping KOL to a gain of nearly two...

Shares of Procter & Gamble (NYSE: PG) moved into positive territory Wednesday afternoon as Pershing Square's Bill Ackman discussed the company at the Ira Sohn Conference in New York City. Ackman called P&G "one of the world's great companies" and also pointed out the company has a "culture...

Shares of Apple (NASDAQ: AAPL), the largest U.S. technology company by market value, are trading slightly lower in early afternoon trading despite news that David Einhorn's Greenlight Capital has boosted its stake in the iPhone maker. On a Tuesday conference call for, Einhorn said, "We've added to...

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Early last year the US Attorney for the Southern District of New York, Prett Bharara, in alluding to activities within the hedge fund community asserted that insider trading was rampant and routine. Strong words. Fast forward a year and a recent survey of those within the hedge fund world...