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Sinking stocks have helped activist campaigns surge. But giants like Carl Icahn say the business is riskier than ever.

Por: Business Insider Business December 14, 2022

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Carl Icahn had a textbook strategy for the Nevada-based energy utility Southwest Gas Holdings. The legendary activist investor purchased almost 5% of the company's shares in late 2021 and publicly , winning four of its 11 board seats, the ouster of its chief executive, and an internal review that considered a sale of the utility.But what seemed like grist for a quick and lucrative exit hasn't unfolded according to plan.In August,... + full article



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