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These Carl Icahn Holdings Show Us How He Picks His Stocks

By , Associate Editor, Money Morning • @DavidGZeiler -

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How do activist investors pick their targets?

It's a question a lot of investors will have after the string of new positions activist investors have taken in big-name stocks.

For instance, the Carl Icahn holdings now include Xerox Corp. (NYSE: XRX), he disclosed yesterday (Tuesday). It's more and more likely an activist investor will go after a stock you own.

Here's what activist investors look for when choosing their targets...

Transocean Deal Shows Rising Clout of Activist Investors

By , Associate Editor, Money Morning • @DavidGZeiler -

Score another victory for Carl Icahn.

With the Transocean LTD (NYSE: RIG) deal announced yesterday (Monday), Icahn has once again shown why he's considered a master among activist investors.

The concessions he won from the world's largest offshore rig contractor include a boost to Transocean's dividend from $2.24 to $3 a share, subject to approval at next year's annual general meeting.

Transocean management also agreed to support Icahn-backed director Samuel Merksamer's re-election to the board, as well as the election of another Icahn pick, Vincent Intrieri, at next year's meeting.

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Will Carl Icahn's Latest Move Push Dell Stock Even Higher?

By , Contributing Writer, Money Morning -

In a move that potentially staves off a battle over Dell Inc.'s (Nasdaq: DELL) $24.4 billion proposed deal to go private, activist investor Carl Icahn said today (Monday) he signed a confidentiality agreement with the personal computer giant.

Icahn's firm issued a short statement saying it "looks forward" to reviewing Dell's confidential financial info. The company hopes the move will keep Icahn from speaking out against Dell's planned sale.

In a letter to Dell last week, Icahn warned that Dell's insistence in moving forward with the $24.4 billion, $13.65 a share buyout would result in a costly, lengthy legal battle.

Icahn, who according to CNBC has amassed a 6% stake - or roughly 100 million shares - in Dell, opposes the proposed buyout of the Texas-based company that is being orchestrated by founder Michael Dell and Silver Lake Partners.

"The Going Private Transaction is a related party transaction with the largest shareholder of the company and advantaging existing management as well, and as such it will be a subject to intense judicial review and potential challenges by shareholder and strike suitors," Icahn wrote.

"But you have the opportunity to avoid this situation by following the fair and reasonable path set forth in the letter," Icahn continued.

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