Activist investor Carl Icahn sells practically a 3rd of his Occidental Petroleum stake


Billionaire activist-investor Carl Icahn provides an interview on FOX Enterprise Community's Neil Cavuto present in New York, U.S. on February 11, 2014. REUTERS/Brendan McDermid/File Picture

(Reuters) – Activist investor Carl Icahn, who has been waging a bitter battle in opposition to Occidental Petroleum Corps (OXY.N) board over its $38 billion acquisition of Anadarko Petroleum, reduce his holdings within the oil and gasoline producer by practically a 3rd, in line with an open letter to shareholders he launched Friday.

Icahn bought 10 million shares and now holds 23 million shares, valued round $900 million, he stated. He had owned a $1.6 billion stake in Occidental as of Could 30.

Reporting by Jennifer Hiller, Enhancing by Franklin Paul

Author: Maxwell C.

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