- The name given to the rise in stock price that occurs when Carl Icahn begins to purchase shares in a company. The Icahn lift occurs because of Mr. Icahn's reputation for creating value for the shareholders of the companies in which he takes an interest.
Carl Icahn is most famous for his work as an activist shareholder, but has also been referred to as a corporate raider. He purchases shares in a company that he believes is undervalued, and then creates a plan to fix the problems. This usually involves spinning off profitable segments, changing management, cutting costs and buying back stock.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Carl Icahn — Born February 16, 1936 (1936 02 16) (age 75) Queens, New York City, New York, U.S. Ethnicity Jewish Alma mater Princeton University … Wikipedia
Corporate raid — A corporate raid is an American English business term for buying a large interest in a corporation and then using voting rights to enact measures directed at increasing the share value. The measures might include replacing top executives,… … Wikipedia
Continental Airlines — Not to be confused with Continental Airways, a low cost airline in Russia. Continental Airlines IATA CO … Wikipedia
May 2008 — was the fifth month of that year. It began on a Thursday and ended after 31 days on a Saturday. Contents 1 International holidays 2 Portal:Current events 3 See also … Wikipedia
Anthony Schmidt — Infobox Person name = Anthony Schmidt caption = birth date = birth date and age|1936|2|16 birth place = Queens, New York, U.S. death date = death place = occupation = Businessman: Financier Racehorse ownerAnthony Celian Schmidt (born February 16 … Wikipedia
Emergency Economic Stabilization Act of 2008 — This article is about one division of an enacted statute. For the entire statute, see Public Law 110 343. For the enacted rescue program, see Troubled Asset Relief Program. The Emergency Economic Stabilization Act of 2008 (Division A of Pub.L.… … Wikipedia