House Of Icahn

Kneale, Klaus
September 2007
Forbes Asia;9/17/2007, Vol. 3 Issue 15, p34
The article reports on the decision of billionaire investor Carl Icahn to sell his $7 billion hedge fund to American Real Estate Partners, a public company he controls. American paid $800 million in stock to Icahn and agreed to invest $700 million in his fund, increasing Icahn's hedge fund assets 10% to $7.7 billion. American's stock, to be renamed Icahn Enterprises, now trades at $120, 30% higher than before the acquisition.


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