Billionaire Carl Icahn disclosed a new stake in Gannett Co., the
media company that said earlier this month it would spin off its
publishing business.
Mr. Icahn said in filings late Thursday that he had made the
investment, amounting to about 2.7 million shares, during the
second quarter, prior to the spinoff announcement. He said he
hadn't had any contact with the company, but planned to do so in
the future because he supports the split.
In other second quarter portfolio moves, Mr. Icahn trimmed his
stake in Netflix Inc. and added to his position in Ebay Inc., which
he quarreled with earlier this year over a proposed spinout of
payments unit PayPal.
Notably, Mr. Icahn showed no change in his stake in Herbalife
Ltd, the nutritional supplement maker that hedge-fund manager
William Ackman has assailed as a pyramid scheme. Shares in
Herbalife are down 33% this year; Mr. Icahn owned $1.1 billion of
shares as of the end of the second quarter.
Herbalife has denied Mr. Ackman's charges.
Write to Rob Copeland at rob.copeland@wsj.com
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