Wednesday, February 20, 2008

Icahn Get FTC Okay To Raise CSX Stake

According to a posting a, Carl Icahn and related funds was granted early termination notice from the FTC, required under the Hart-Scott-Rodino antitrust law, on CSX Corp. (NYSE: CSX).

The approval would let Icahn buy between $418.6 million to $1.6 million of CSX stock, according to Bloomberg, which cited a company spokesman.

At 12/31, Icahn Capital held 2.9 million shares of CSX of 0.69%.

CSX has been the target of another activist investor, The Children's Investment Fund.

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