Wednesday, September 27, 2006

Carl Icahn Boosts Holdings in Federated

This seems like a precursor to a closer tie to the FD board.
Billionaire investor Carl Icahn, known for challenging the management of various corporations, wants to acquire up to $500 million in additional shares of Federated Department Stores Inc., the operator of Macy's and Bloomingdale's said on Wednesday.
I wonder what Icahn is planning to do to shake up this company? Could we see spinoffs or maybe more consolidation in the department store space? In any case I just like the idea of risking my money at the same time as a billionaire investor.

No comments: