Icahn Gets His Way

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 12 June 2023

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Carl Icahn gets what he was after as Illumina’s CEO steps down but what does this mean for the company’s potential big acquisition? (00:21) Jason Moser and Deidre Woollard discuss: - If Illumina’s CEO’s exit will impact the company’s moves to acquire Grail. - Carl Icahn’s history of activist investing. - Thoma Bravo’s success in buying companies and repackaging them for sale. (14:37) Ricky Mulvey interviews Anjay Nagpal, host of the podcast “Brokers, Bagmen, and Moles” about the curious history of the Chicago Mercantile Exchange and its ramifications on today’s investing universe. Companies discussed: ILMN, IEP, NDAQ, MSFT, ATVI Host: Deidre Woollard Guests: Jason Moser, Ricky Mulvey, Anjay Nagpal Producer: Ricky Mulvey Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The moment that CEO steps down and private equity makes a big sale, Motley Full Money
0:09.5	starts now.
0:11.7	Welcome Motley Full Money.
0:22.4	I'm Deed Rowellard.
0:23.4	I'm joined in studio by Motley Full Analyst Jason Moser.
0:26.0	Hi Jason, how are you doing today?
0:27.0	How are you doing great?
0:28.0	How are you?
0:29.5	Well, I feel like one of the time honored PR techniques is you kind of sneak out news
0:33.1	on a Sunday night.
0:34.1	We got one of those last night with the news that alumina's CEO Francis DeSouza, he stepped
0:38.8	down.
0:39.8	Aluminum, they're a biotech company.
0:41.4	They're focused on genetic testing.
0:43.4	DeSouza, he's kind of been through it the last few months really.
0:46.5	He's been the subject of this activist attack from Carl Icon, which he outlasted over
0:51.4	the Grail acquisition.
0:53.3	Not the first time we've seen a CEO go through something like that and step down.
0:56.6	Was this the case for him just like outlasting that and then choosing his own moment to exit?
1:00.6	It's possible.
1:01.6	I mean, this has been quite the soap opera though.
1:05.2	And ultimately, you see what's going on here from this, the inception of this acquisition
	...

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