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CM - Icahn cuts Occidental stake, files lawsuit after $912MM net loss - November 2019

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Activist investor Carl Icahn reduced his stake in Occidental Petroleum by a third and announced that his Icahn Capital filed a lawsuit against the company over its purchase of Anadarko Petroleum. Icahn unloaded 10 million Oxy shares worth $400 million on Nov. 8, leaving him with 23 million shares valued at $900 million. As of May, Icahn held a $1.6 billion stake, or 4.4% of Oxy. He said he “draws the line at exposing......
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