Carl Icahn

 

XO Names Interim CEO

XO Communications has appointed Laura Thomas to lead the company as interim chief executive officer. Thomas, the companys current chief financial officer, will also retain responsibility for the company’s financial leadership as CFO.

XO Becomes Private Company

Last month, the Herndon, Va.-based CLEC (competitive local exchange carrier) completed a merger agreement to sell itself to affiliates of billionaire Carl Icahn.

Carl Icahn Now Owns 62% of XO Communications

Shares of XO Holdings, which owns CLEC XO Communications, closed more than 3 percent higher the first trading day after activist investor Carl Icahn bought 17.5 million shares in the company.

Carl Icahn Snaps Up More Motorola Shares As Split Looms

Billionaire activist investor Carl Icahn, who owns much of XO Holdings (XOHO.OB), has bought more shares of Motorola Inc. (MOT) as that company prepares to split in two. Icahn now holds an 8.75 percent stake, or 203.32 million shares, in Motorola, and evidently expects a windfall when the telecom equipment maker breaks apart early next year. The […]

XO Shareholder R2 Steaming Mad at Icahn

Hedge fund R2 Investments once again has Carl Icahn in its sights, claiming the activist investor has hurt XO Holdings Inc.’s minority shareholders, including R2. According to the Wall Street Journal, R2 accuses Icahn – XO director and majority shareholder – of spurning three purchase offers that would have boosted XO’s stock price. After that, […]

XO Chairman Icahn Wants Rest of Companys Shares

Activist investor Carl Icahn wants to buy the 47 percent of XO Holdings Inc. (XOHO.OB) he doesn’t already own at a price some news outlets contend undervalues the communications service provider. Icahn late last week said he would pay 55 cents for every share that isn’t his, an amount double that of last Thursday’s market price […]

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