I don't think it will be anywhere as big an influence this time. For one, many people and institutions got burned following him in last time and were left holding the bag. Secondly, he has failed to be successful in subsequent plays. Beside others, I recall he took a stake in Commercial Metals CMC, and even made a tender offer for shares only to have to rescind it, and checking it now , the CMC shares are lower than they were when he was active. So , while I expect a bounce tomorrow, don't get carried away. There will be plenty of sellers around , this company is still very very troubled.
just another big guy with vested stake watching shareholders backs. hopefully icahn forces total liquidation of assets to the highest bidder(s). In pieces or whole just get shareholders highest price for these great assets
Chesapeake Energy Corp. ...is expecting activist investor Carl Icahn to disclose soon that he has taken a significant stake in the embattled natural-gas company, according to people familiar with the matter.
Such a move by Mr. Icahn could ratchet up pressure on Chesapeake, which faces a cash crunch and corporate-governance controversies that have pushed its stock to the lowest level since 2009; he has said previously that investors want the company to reduce its leverage. But he is also known to buy stocks he thinks have become bargains, and shares often rise as other investors mimic him.