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May 17, 2007
Anadarko's interesting investor
Well, well, well. Look who has bought a big stake in The Woodlands-based Anadarko Petroleum Corporation:
Icahn Management LP, one of investor Carl Icahn's investment vehicles, has purchased about 3.1 million shares in Anadarko Petroleum Corp., according to a Reuters report Tuesday.The purchase amounts to a 0.7 percent stake in Anadarko, which has 463.9 million shares outstanding.
Reuters said regulatory filings stated that his ownership in The Woodlands-based Anadarko (NYSE: APC) was worth about $133.5 million as of March 31.
The always-entertaining Icahn lost out last year to Anadarko in the bidding over Kerr-McGee.
Posted by Tom at May 17, 2007 4:00 AM
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