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Carl Icahn on the sixth Annual CNBC Institutional Investor Delivering Alpha Convention on September 13, 2016.
Heidi Gutman | CNBC
Activist investor Carl Icahn on Monday reported an almost 10% stake within the firm JetBlue Airways, saying airline shares are undervalued. Shares of JetBlue rose 14% in prolonged buying and selling.
Icahn amassed the stake in a collection of purchases in January and February, in line with regulatory filings. In line with a submitting, he has had and plans to proceed discussions with the corporate “about the potential for illustration on the board.”
JetBlue mentioned in a press release: “We’re at all times open to constructive dialogue with our buyers as we proceed to execute on our plan to extend worth for all of our shareholders and stakeholders.”
Representatives for Icahn weren’t instantly obtainable for remark.
That is the newest information. Test again later for updates.
