Icahn Buys Talisman Stake In 1st Major Post-Dell Play

Law360, New York (October 7, 2013, 7:50 PM EDT) -- Carl Icahn sent Talisman Energy Inc. shares soaring in post-market trading on Monday when he disclosed a stake of roughly 6 percent in the company, saying he could leverage his newfound holding to push for a strategic shake-up or a board seat.

Funds tied to the billionaire investor now has 61.5 million shares in the Canadian oil producer, which over the past year has posted only modest gains on the New York Stock Exchange. Official word of Icahn's buy-in comes after about a week of speculation...
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