Carl Icahn has sold part of his stake in Chesapeake Energy, The Wall Street Journal reports. The billionaire activist investor sold the shares in the oil and gas producer at a price of $38.41 per share.
Icahn has reduced his Chesapeake holdings to 4.15% from 5.8% in mid-December. He still owns about 27 million shares of Chesapeake valued at about $900 million, adds Reuters.
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