Icahn Discusses Netflix, Glencore’s Viterra Purchase On Hold: M&A Update

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Carl Icahn has mulled the idea of making a hostile bid for Netflix (NASDAQ:NFLX), but says he doesn’t think he “would ever get it,” he told CNBC. The activist investor conceded that he wouldn’t be able to pay as much for Netflix as would a “synergistic buyer,” and that he is unable to understand why the firm is not an acquisition target as he believes that it’s undervalued. In addition, he pointed to its 27 million subscribers, which alone rebuffs competitors, and also low interest rates.

Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.

Glencore Inernational’s (GLCNF.PK) acquisition of the Canadian grain handler Viterra (VTRAF.PK) might not close until as late as December 10th, while the Ministry of Commerce of China continues its analysis the $6.1 billion transaction. Rumors have it that China is delaying until Canada makes a decision on Cnooc’s takeover of Nexen. The delay is also impacting Glencore’s side arrangements to flip some Viterra assets to Agrium (NYSE:AGU) and CF Industries Holdings (NYSE:CF), among others.

Don’t Miss: Can Spectrum Help AT&T Catch Up to Verizon?


More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business