Icahn Reports No Shares Of Clorox, Vector Group, More Shares Of El Paso
February 14 2012 - 7:43PM
Dow Jones News
Billionaire investor Carl Icahn reported in a regulatory filing
on Tuesday that he no longer held a position in Clorox Co. (CLX), a
company whose board he failed to unseat in an effort to force a
sale of the company.
Icahn also reported no longer holding shares of Vector Group
(VGR), which owns the prominent New York-area real estate brokerage
Douglas Elliman Realty LLC and cigarette maker Liggett Group
LLC.
The changes in Icahn's positions where revealed in a 13-F filing
that is required by many investors who manage more than $100
million. Icahn's filing represents his holdings as of Dec. 31,
2011.
Around late November, Icahn reported in separate filing, that he
had lowered his stakes in Clorox and in Vector Group each to 4.99%
of shares. The move put him just under the 5% threshold that
requires investors to report on sales or purchases of shares as the
happen.
Meanwhile, Icahn reported his stake in energy company El Paso
Corp. (EP) had risen 9.5% from the third quarter. As of Dec. 31, he
owned 72.3 million shares of the company, or 9.4%.
In October, Kinder Morgan Inc. (KMI) agreed to buy El Paso Corp.
and is now reportedly in talks with private equity firms to sell
the company's oil-and-gas exploration and production unit.
According to the 13-F, the rest of Icahn's holdings remained
largely unchanged from the previous quarter.
Since the end of the reported quarter, Icahn has been making
waves at another company he invested in last month, CVR Energy
(CVI). Icahn, who is pushing the petroleum refiner to sell itself,
recently reported raising his stake in the company to 12.6 million
shares--about 14.5% of the total outstanding shares and just under
the CVR Energy's 15% poison pill.
Icahn said in a separate last week that CVR Energy 's stock
price is undervalued, making it a viable sales candidate, and that
he's considering nominating directors for CVR Energy's board.
He has also continued raising his shares of WebMD Health Corp.
(WBMD) this year, reporting in January an 11.6% stake in the
company.
-By Annie Gasparro, Dow Jones Newswires; 212-416-2244;
annie.gasparro@dowjones.com
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