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Icahn trims stake in Freeport McMoRan

Published 06/09/2017, 06:21 PM
© Reuters.  Icahn trims stake in Freeport McMoRan
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  • Carl Icahn reduces his stake in Freeport McMoRan (NYSE:FCX) to 6.33% from 7.2% in late November, according to an SEC filing.
  • Icahn held 91.6M FCX shares as of June 6, which would total ~$1.13B based on today's closing stock price of $12.36.
  • Icahn took a large stake in 2015, saying the company was undervalued, but a Nov. 23 filing disclosed that his stake had dropped to 7.2%, or 104M shares, from an 8.8% holding.
  • Now read: Freeport-McMoRan (FCX) Presents At Deutsche Bank (DE:DBKGn) 8th Annual Global Industrials and Materials Summit - Slideshow


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