Diversified Subsidiary Companies Presentation
Ability to Maximize Shareholder Value Through Proven Activist Strategy
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IEP seeks undervalued companies and often becomes "actively" involved in the targeted companies
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Activist strategy requires significant capital,
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rapid execution and willingness to take
control of companies
Implement changes required to improve
businesses
Putting Activism into Action
⚫ IEP pursues its activist strategy and
seeks to promulgate change.
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Dealing with the board and
management
IEP's investment and legal team is
capable of unlocking a target's
hidden value.
Financial/balance sheet restructuring
Operation turnarounds
Strategic initiatives
Corporate governance changes
Purchase of Stock or Debt
Proxy fights
Tender offers
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Taking control
Mr. Icahn and Icahn Capital have a long and successful track record of generating significant returns employing the activist strategy
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IEP's subsidiaries often started out as investment positions in debt or equity either directly by Icahn Capital or Mr. Icahn
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Active participation in the strategy and capital allocation for targeted companies
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Not involved in day-to-day operations
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IEP will make necessary investments to ensure subsidiary companies can compete effectively
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