Icahn Enterprises
, Carl Icahn's conglomerate, saw its stock drop again Wednesday after a disclosure showed regulators are seeking information regarding its corporate governance. The shares fell as much as 20% in morning trading, following a near 25% loss last week. A regulatory filing revealed the U.S. Attorney's office for the Southern District of New York contacted Icahn Enterprises last Wednesday seeking information about corporate governance, capitalization, securities offerings, dividends, valuation, marketing materials, due diligence and other materials.against Icahn's company.
Icahn, the most well known corporate raider in history, made his name after pulling off a hostile takeover of Trans World Airlines in the 1980s, stripping the company of its assets. Most recently, the billionaire investor has engaged in activist investing in
Source: News Formal (newsformal.com)
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