Icahn Raises Stake in Commercial Metals Co. (CMC) to 9.98%
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Price: $67.17 +0.83%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.3%
Revenue Growth %: +21.9%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 1.3%
Revenue Growth %: +21.9%
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In a 13D filing on Commercial Metals Co. (NYSE: CMC), hedge fund Icahn Capital disclosed a 9.98%, or 11,525,000 share, stake in the company. This is up 212.08% from the 3,692,984 shares held at the end of the latest quarter ending March 31, 2011.
From the filing:
"The Reporting Persons acquired the Shares in the belief that the Shares were undervalued at current levels. The Reporting Persons may have conversations with management of the Issuer to discuss its business and strategic alternatives
for the Issuer."
For more notable holders of Commercial Metals Co. stock click here. For more information on Icahn Capital click here.
From the filing:
"The Reporting Persons acquired the Shares in the belief that the Shares were undervalued at current levels. The Reporting Persons may have conversations with management of the Issuer to discuss its business and strategic alternatives
for the Issuer."
For more notable holders of Commercial Metals Co. stock click here. For more information on Icahn Capital click here.
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