It appears that AIG’s management will be more inclined to continue as a consolidated entity and to improve returns for its shareholders in its current form.
In August last year, Gannett Company (GCI) announced that it plans to create two publicly traded companies. It expects to split off its publishing business by the middle of this year.
Carl Icahn is one of Wall Street’s most influential investors. He disclosed Icahn Associates Corp.’s 2Q14 positions through a 13F filing last month. The size of the U.S. long portfolio increased to $38.5 billion. It was $32.9 billion last quarter. Its only buy in the second quarter was Gannett Co. (GCI).