Billionaire Kerr Neilson Maintains His Massive Foster Wheeler Position

Platinum Asset Management, Foster Wheeler: In a 13G filing with the SEC this afternoon, Billionaire Kerr Neilson and Platinum Asset Management reported a 10.2% stake in Foster Wheeler AG (NASDAQ:FWLT), the construction and power equipment supplier. Neilson upped his position just slightly from the end of the second quarter.

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