Tuesday, January 16, 2007

Icahn Raises Stake in Telik (TELK) to 9.92%, May Seek Talks Regarding Plans and Prospects

In a 13D filing on Telik, Inc. (Nasdaq: TELK), Carl Icahn disclosed a 9.92% stake (5.2 million shares) in the company. Icahn's Icahn Management LP subsidiary disclosed a 1.5 million shares stake in Telik for the quarter ended September 30, 2006.

In a pretty standard disclosure, Icahn said he acquired the position believing the shares were undervalued and said he may, from time to time, seek to have discussions with the Company regarding the Company's plans and prospects.

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