Carl Icahn Boosts Occidental Stake to Almost 10% as Shares Plummet - News Summed Up

Carl Icahn Boosts Occidental Stake to Almost 10% as Shares Plummet


Carl Icahn has doubled down on a fight to take control of Occidental Petroleum Corp., buying up more shares of the embattled oil-and-gas producer in recent days as its stock price plummets. The billionaire shareholder activist now owns almost 10% of Occidental, he said in an interview Wednesday. He held a roughly 2.5% stake as of the end of last year.


Source: Wall Street Journal March 11, 2020 23:48 UTC



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