Carl Icahn Discloses 8.2% Stake In Cheniere Energy

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Mani
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Carl Icahn made his new 8.18% activist stake in Cheniere Energy public on Thursday, and noted plans to seek talks with the natural gas exporter’s management and perhaps board seats “if appropriate”. Reacting to the announcement, the gas exporter’s shares rose as much as 6.5% to $69 in after-market trading, after closing at $64.81. Carl Icahn says Cheniere Energy “undervalued” According to a 13D regulatory filing Thursday, billionaire investor Carl Icahn said shares of Cheniere Energy are undervalued and he will seek discussions on “operations, capital expenditures, financings and executive compensation”. In the filing with the Securities and Exchange Commission,…

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Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports