Icahn Raises Stake in Commercial Metals Co. (CMC) to 9.98%
Tweet
Share
E-mailGet Alerts CMC Hot Sheet
Price: $65.73 +2.35%
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%
Join SI Premium – FREE
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- HSBC cuts Twilio to Reduce, says Muse rally has gone too far
- Knife River responds to Starboard Value after activist investment
- Nscale raises $3.36bn in convertible notes led by Third Point
Create E-mail Alert Related Categories
13Ds, Hedge FundsRelated Entities
Carl Icahn, Hedge Funds, 13DSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
