Word: icahn
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Dates: during 1990-1999
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...competition and vicious take-overs are not the sole province of Drexel Burnham. The secession of the Republic of Lithuania from the Soviet Union promises to be bigger than the break-up of AT&T. Corporate raiders beware--Soviet President Mikail S. Gorbachev may soon be the new Carl Icahn...
...financing. Just for the ominous letters, Milken charged fees as high as $3.5 million. Backed by Milken, Texas oilman T. Boone Pickens attacked Gulf Oil in 1984, forcing the energy giant to merge with Chevron and earning nearly $400 million from his seven-month raid. Later Milken bankrolled Carl Icahn in a $1.2 billion takeover of TWA. Supported by Drexel's bonds, the little-known firm Kohlberg Kravis Roberts became America's buyout king, acquiring 35 companies for more than $60 billion since...