Cheniere Energy Reaches Agreement with Carl Icahn: Announces Appointment of New Board Members

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Rupert Hargreaves
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Carl Icahn is not having a good year. As we reported earlier this month, almost all of Carl Icahn’s personal holdings, and those of Icahn Enterprises LP have underperformed the market. Excluding dividends, year-to-date Icahn Enterprises LP (NASDAQ: IEP) LP is down 29.5%. However, Icahn received some good news today. Cheniere Energy Inc., the liquefied natural gas company, in which Icahn reported an 8.2% stake in earlier this month, has named two Icahn Capital LP managing directors to its board. The two directors in question are Jonathan Christodoro and Samuel Merksamer. Carl Icahn: Activist ideas Icahn announced his 8.18% stake in Cheniere earlier this…

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Sign up now and get our in-depth FREE e-books on famous investors like Klarman, Dalio, Schloss, Munger Rupert is a committed value investor and regularly writes and invests following the principles set out by Benjamin Graham. He is the editor and co-owner of Hidden Value Stocks, a quarterly investment newsletter aimed at institutional investors. Rupert owns shares in Berkshire Hathaway. Rupert holds qualifications from the Chartered Institute For Securities & Investment and the CFA Society of the UK. Rupert covers everything value investing for ValueWalk