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Icahn said to take slice of KraftThe billionaire activist shareholder has acquired a stake of the struggling food company: newspaper.NEW YORK (CNNMoney.com) -- Billionaire activist shareholder Carl Icahn has acquired an undisclosed stake of the troubled food giant Kraft which is already targeted by billionaire investor Nelson Peltz, a newspaper reported Friday. Icahn, who has made his name investing in large companies with depressed stock such as Time Warner (Charts, Fortune 500) and Motorola (Charts, Fortune 500) and then pressuring the management to make changes, is not currently agitating for change, the Wall Street Journal reported. Kraft's (Charts) CEO Irene Rosenfeld is already scheduled to meet with activist shareholder Peltz next week to hear his ideas for improving the company, the paper reported. Kraft shares rose $1.31, or almost 4 percent, to $36.11 on The New York Stock Exchange. CNNMoney.com is owned by Time Warner. |
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