Shares of BEA Systems were closed flat on Monday after the expiration of bid from enterprise software maker Oracle to acquire BEA.
Oracle Corp withdrew a $6.7 billion bid for business software maker BEA Systems Inc on Sunday, setting the stage for a proxy battle between activist investor Carl Icahn and the BEA board. Icahn is BEA's biggest shareholder with a 15 percent stake.
Business software maker BEA Systems Inc rejected a $6.7 billion takeover bid from Oracle Corp on Friday, throwing the company into play by saying the unsolicited offer was too low. Shares rose 38 percent, above a five-year high.
Oracle Corp on Friday said it offered to buy BEA Systems Inc for about $6.66 billion, its latest effort to up the ante against Microsoft Corp. and Germany's SAP in the fiercely competitive market for business software.
Kraft Foods Inc. on Wednesday posted higher quarterly profit, helped by lower restructuring charges, a lower tax rate and higher sales, which offset rising costs for milk, wheat and other ingredients.
Warren Buffett's Berkshire Hathaway Inc. has bought a small stake in Kraft Foods Inc., according to The Wall Street Journal.
Billionaire investor Carl Icahn denied on Wednesday that he has a stake in Samsung Electronics Co. Ltd. or is preparing a takeover bid for the company, according to a report.
Samsung Electronics reported a quarterly profit decline of 5 percent on Friday but shares rose to a 15 month high following speculation of a take-over bid from U.S. activist investor Carl Icahn.
Billionaire Carl Icahn's sweetened $3 billion buyout offer for auto parts maker Lear Corp. has gained little traction among top advisory firms or shareholders ahead of a scheduled vote next week.
Private equity firm Carlyle Group said on Monday it would buy aircraft and auto parts maker Sequa Corp. for $2 billion.
Billionaire investor Carl Icahn's American Real Estate Partners LP raised its takeover offer for Lear Corp. to about $3 billion, but the auto parts maker's second biggest shareholder remained unconvinced.
Wall Street underwriters kept busy in the second quarter, yet ebbing investor appetite for lower-rated debt and riskier assets may dampen their summer.
Lear Corp., which has faced criticism for accepting billionaire Carl Icahn's $36-per-share buyout offer, delayed a shareholder vote on the deal until July 12, the auto parts maker said on Friday.
Embattled biotechnology firm ImClone Systems Inc., urged its shareholders once again on Friday to reject a proposal by billionaire financier, Carl Icahn, who wants to remove four board members following the resignation of two others earlier this week.
ImClone Systems Inc. shareholders on Wednesday elected billionaire Carl Icahn and two of his associates to its board, according to CNBC.
The investing world today may be a global marketplace, but not every country is playing by the same set of rules when it comes to shareholder activism.
Carl Icahn is planning to increase his stake in Time Warner Inc through a new fund he is developing, the New York Times reported on Thursday, citing a letter the billionaire sent to investors.
AOL, the online division of AOL, said on Thursday that it will cut nearly 5000 jobs over the course of the next six months in efforts to restructure.
Billionaire investors Warren Buffett and Carl Icahn may differ in investment strategies but they both own sizable stakes in Tyco International Ltd., an analysis of recent investment documents shows.
