Wall Street falls on euro zone concerns, Dell

NEW YORK - U.S. stocks fell on Wednesday with all S&P 500 sectors trading negative, on mounting concerns over Greece's future in the euro zone and as a weaker-than-expected revenue forecast from computer maker Dell weighed on investor sentiment. | Video

» More Business News

Specialist banks cherry pick from lay-offs

LONDON - Small investment banks and brokerages in Europe are making the most of a hiring shutdown and cuts at bigger rivals, cherry picking staff frustrated by new pay rules and uncertainty over strategy.

» More Small Business News

China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

» More Green Business News

Icahn bolsters BEA stake through options exercise

Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange, June 27, 2007. REUTERS/Chip East

Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange, June 27, 2007.

Credit: Reuters/Chip East

WASHINGTON | Fri Oct 12, 2007 3:48pm EDT

WASHINGTON (Reuters) - Billionaire investor Carl Icahn reported on Friday that he exercised on October 10 about 34.5 million call options for BEA Systems Inc BEAS.O common stock.

Icahn, who has been pressuring the software maker to put itself up for sale, said in a filing with the U.S. Securities and Exchange Commission that he exercised 8.5 million call options for $9 a share and 26.05 million call options for $7.50 a share.

The transactions brought his ownership in BEA stock to about 51.82 million shares, according to the SEC filing.

(Reporting by Karey Wutkowski)
Deals
Global Deals Review: 2011 Q3
Global Deals Review: 2011 Q2
Global Deals Review
Stocks
Regulatory News
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.