facebook
twitter
rss
account
search
search
 

Icahn lays claim to Talisman Energy shares

Oct. 8, 2013 at 7:25 AM   |   Comments

NEW YORK, Oct. 8 (UPI) -- U.S. investor Carl Icahn announced he bought a sizeable stake in Talisman Energy of Canada and was in talks about board positions.

Icahn used his official Twitter account to announce the purchase of Talisman shares.

"Disclosed approx 61 million share position in Talisman Energy," his Monday post read. "May have conversations with mgmt re strategic alternatives, board seats, etc."

The Wall Street Journal reported Talisman's overall performance was hit by falling natural gas prices in the United States and issues with an oil platform off the coast of Norway. The billionaire investor spent $277 million to acquire the shares.

There was no formal statement Tuesday from Icahn Enterprises or Talisman Energy.

Icahn Enterprises last month created American Railcar Leasing LLC as a "multibillion-dollar" venture that would have a fleet of 32,500 railcars. It said it expected the railcar business to benefit from "secular changes" in the way in which North American crude oil is delivered.

Topics: Carl Icahn
© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Recommended UPI Stories
Featured UPI Collection
trending
Celebrity Couples of 2014 [PHOTOS]

Celebrity Couples of 2014 [PHOTOS]

Most Popular
1
Texas, N.D. oil push imports down
2
Australia orders Supacat special operations vehicles
3
Scout attack helicopter demos firepower
4
Oil spill reported in North Dakota
5
Twinkies' Chicago facility to close
Trending News
Video
x
Feedback