Icahn ups Take-Two stake to 14%

By Patrick Garratt, Tuesday, 23 March 2010 09:11 GMT


Renegade super-investor Carl Icahn has bought a further 710,840 shares in Take-Two, lifting his stake in the firm to 13.7 percent.

Icahn has steadily increased his share in the firm, last May buying in so heavily Take-Two’s share price boosted 8 percent.

Until yesterday, Icahn’s stake stood at 11.3 percent, but this SEC filing shows the increased investment.

Icahn is making his presence very much felt at the firm; in January it was confirmed that Ben Feder and two others were to stand down from the Board at shareholders’ request.

Icahn was one of the owners backing the changes, and put forward three new nominees to replace the holes left at the top: including one Brett Icahn.

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