Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Billionaire Carl Icahn Boosts Stake In Cadus Corporation (KDUS) To Over 60%

Carl Icahn has upped its stake Cadus Corporation (OTCBB:KDUS), a new filing with the U.S. Securities and Exchange Commission showed. Mr. Icahn own 17.82 million shares of Cadus Corporation (OTCBB:KDUS), equal to 67.81% of common stock shares outstanding. The new position is up from 5.26 million shares the fund held previously.

Carl Icahn - Icahn Capital Lp

According to the filing, Mr. Icahn acquired an aggregate of 12.56 million shares at $1.53 per share upon exercise of the basic subscription rights and oversubscription rights in the rights offering conducted by the company.

In a Form 8-K filed June 6, Cadus Corporation (OTCBB:KDUS) reported the results of its rights offering. Pursuant to the rights offering, subscription rights to purchase 13.14 million shares of the company’s common stock were exercised, resulting in gross proceeds of about $20.1 million.

Cadus Corporation (OTCBB:KDUS) is engaged in the business of purchasing individual homes and individual residential lots, renovating or constructing on them, and reselling them.

The aggregate value of Carl Icahn’s equity portfolio as of the end of the first quarter of 2014 was $32.9 billion. According to latest 13F, Mr. Icahn holds a total of 19 positions, out of which he reduced the holding in one company, and raised his exposure to three others. Icahn Enterprises LP (NASDAQ:IEP) is represented as the largest holding, in which Mr. Icahn fund Icahn Capital holds 102.86 million shares. It is followed by Apple Inc. (NASDAQ:AAPL), in which the fund revealed ownership of 7.54 million shares. Another important holding is CVR Energy Inc. (NYSE:CVI), in which Icahn Capita owns 71.20 million shares.

Recently, Carl Icahn disclosed a new position in Family Dollar Stores Inc. (NYSE:FDO), owning around 10.69 million shares, including options to purchase shares.

Disclosure: none

Recommended Reading:

Jana Partners Reveals Over 10% Activist Stake in Civeo Corp (CVEO)

Recent Multi-Millionaire Insider Purchases: Kinder Morgan (KMI), TransDigm Group (TDG), Seattle Genetics (SGEN)

Edward Lampert’s ESL Investments Sells Shares of AutoNation Inc. (AN)

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!