Carl Icahn Solidifies Positions in Icahn Enterprises LP (IEP) & Nuance Communications Inc. (NUAN)

Billionaire Carl Icahn has reported increasing his holdings in his company Icahn Enterprises LP (NASDAQ:IEP) and in Nuance Communications Inc. (NASDAQ:NUAN). Mr. Icahn revealed holding almost 101.9 million shares of Icahn Enterprises, versus some 100.4 million revealed in its latest 13F. In a second filing, the billionaire revealed acquiring 423,400 shares of Nuance, increasing his position in the company to a total of over 60.7 million shares.

Carl Icahn - Icahn Capital Lp

Icahn Enterprises is the largest holding in Mr. Icahn's equity portfolio, and with the recent increase, he raised his holding to a total of 87.9% of the company's common stock. At the current price of  Icahn Enterprises LP (NASDAQ:IEP)'s stock, the value of Icahn's stake amounts to $12.7 billion. Last week, Icahn Enterprises LP (NASDAQ:IEP) entered into an underwriting agreement, under the terms of which it offered for sale 2.0 million depositary units at a price of $135.00 apiece.  Underwriters also received the option to purchase an additional 300,000 units at the same price. The proceeds, which are expected to amount to a gross $270 million ($311 million including the overallotment option), the company said in a SEC filing. Icahn Enterprises LP (NASDAQ:IEP) expects to invest the proceeds in one of its nine majority owned operating subsidiaries. In a second filing, where Icahn revealed raising his exposure to Nuance Communications Inc. (NASDAQ:NUAN), the billionaire revealed acquiring the shares of the company in three transactions, the average price amounting to $14.12 apiece. Mr. Icahn has been bullish on Nuance Communications Inc. (NASDAQ:NUAN) for some time, last week he also disclosed adding almost 1.4 million to his stake in the company. Overall, Icahn has raised his stake in Nuance Communications Inc. (NASDAQ:NUAN) to 60.7 million, from around 52.4 million disclosed in his latest 13F. Currently, the billionaire holds 19.3% of the company's common stock. Disclosure: none Recommended Reading: Bill & Melinda Gates Foundation Sells Some Berkshire Hathaway Inc. (BRK.B) Shares Hedge Fund News: Philippe Laffont, George Soros & Jim Rogers Steelhead Partners Reveals A Major Stake in Small-Cap Gold Reserve Inc. (GDRZF)
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 30 percentage points in 13 months Learn how!


Enter your email:

Delivered by FeedBurner


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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!