| Icahn takes 8.2-percent stake in Cheniere Energy | |
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NEW YORK (AP) -- Billionaire investor Carl Icahn is taking an 8.2-percent stake in liquid natural gas company Cheniere Energy Inc., sending its shares higher in aftermarket trading.
Icahn disclosed ownership of 19.4 million shares of Cheniere, which owns a liquid natural gas terminal and pipeline in Louisiana. Icahn's funds say they want to start talks with the company about its business, financing of capital spending and executive compensation, and Icahn may seek representation on the board of directors.
Cheniere Energy did not immediately respond to a request for comment.
Shares of Cheniere Energy jumped $4.18, or 6.5 percent, to $68.99 in aftermarket trading. The stock closed at $64.81 on Thursday.
The Houston-based company took a loss of $388.2 million, or $1.71 per share, over the first half of the year. Its revenue edged up 1 percent to $136.4 million.
Icahn is known for tangling with the boards of companies like Apple Inc., Yahoo Inc., Hertz Global Holdings Inc. and eBay Inc. He also invested in ride-hailing app Lyft this year.
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Cheniere Energy Inc.
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CODE : LNG |
ISIN : US16411R2085 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Cheniere Energy is a exploration company based in United states of america. Cheniere Energy is listed in United States of America. Its market capitalisation is US$ 42.9 billions as of today (€ 38.6 billions). Its stock quote reached its lowest recent point on December 31, 2001 at US$ 0.75, and its highest recent level on September 06, 2024 at US$ 180.64. Cheniere Energy has 237 656 695 shares outstanding. |