Business · 2
Which activist investor's 1985 hostile takeover of TWA left the airline so debt-laden that it later had to sell off its prized international routes?
Answer
Carl Icahn
Carl Icahn won a bitter 1985 proxy fight for control of Trans World Airlines, loading the carrier with debt that eventually forced it to sell valuable assets, including its London routes, to stay afloat.
💡 Did you know?
Carl Icahn's 1985 takeover bid for TWA forced the airline to sell its London routes to survive—creating a precedent that hostile raiders could dismantle century-old companies piece by piece.
Other options people guess
- T. Boone Pickens
- Kirk Kerkorian
- Ivan Boesky
Topics
- hostile-takeover
- airlines
- 1980s
- corporate-raiders
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