Deals

Icahn Adds New Stake in Conduent, Exits Allergan and Nuance

Billionaire activist discloses investment changes in filing
Investor raised holdings of Navistar, Herbalife, 13F shows

Carl Icahn.
Photographer: Scott Eells/Bloomberg

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By Beth Jinks

May 15, 2017 at 9:40 PM UTC

This article is for subscribers only.

Billionaire investor Carl Icahn acquired a new 9.7 percent stake in business services provider Conduent Inc. in the first quarter and sold out of pharmaceutical giant Allergan Plc. and speech technology group Nuance Communications Inc.

Icahn raised his stake in truck-maker Navistar International Corp., according to a regulatory filing Monday. The changes also reflected the takeover of Federal-Mogul Holdings by his publicly traded company Icahn Enterprises LP.