Share This Post

Finance

Carl Icahn reportedly building small position in Allergan, joining David Tepper

Carl Icahn reportedly building small position in Allergan, joining David Tepper

Carl Icahn is building a small stake in pharmaceutical company Allergan, Bloomberg reported Wednesday, citing sources.

The billionaire’s investment would come in addition to the 1 percent stake held by David Tepper’s Appaloosa Management. On Tuesday, Tepper said in a letter he is pushing the drugmaker to overhaul its management.

Shares of Allergan climbed more than 2 percent in after-hours trading. The company did not immediately respond to a CNBC request for comment.

Share This Post

Leave a Reply