Forest Labs: More Fruits From Shareholder Activism For Icahn – ValueWalk Premium

Forest Labs: More Fruits From Shareholder Activism For Icahn

“Activism proves to be working well at Forest Laboratories, Inc. (NYSE:FRX). Since Sept 10 (when new CEO Brent Saunders arrived) the co’s stock is up aprx 57% and 8% today,” exulted Carl Icahn in a Tweet yesterday. (The “8% today” typo was corrected to “18% today” in a subsequent Tweet).

According to a recent shareholder presentation by Icahn Enterprises L.P. (NASDAQ:IEP), the group held 11.4% in Forest Laboratories, Inc. (NYSE:FRX) as on November . . .

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