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This Article is From Aug 15, 2018

Carl Icahn Discloses Positions in VMWare and DVMT Worth $535 Million

(Bloomberg) -- Carl Icahn took new positions in two stocks affiliated with Michael Dell in the second quarter: VMWare Inc. and its tracking stock known as DVMT.

The billionaire investor reported a 2.1 percent stake in VMWare at the end of June worth about about $334 million, according to a regulatory filing Tuesday.

He also reported a 1.2 percent interest in DVMT, a stake valued at about $202 million. Dell Technologies Inc. has announced its plans to return to the public markets by buying out the tracking stock in a deal valued at about $21.7 billion.

Icahn said he also bought a new position in Energen Corp. during the quarter. On Tuesday, that company agreed to be acquired by Diamondback Energy Inc. for $9.2 billion.

It's been a busy year for Icahn, who has waged battles at Xerox Corp., Newell Brands Inc., SandRidge Energy Inc. and AmTrust Financial Services Inc.

Icahn increased his position in Newell Brands and sold down positions in Herbalife Nutrition Ltd. and Cheniere Energy Inc. during the quarter

He dropped his fight to this week to block Cigna Corp.'s $54 billion acquisition of Express Scripts Holding Co.

Icahn rose to fame in the 1980s as a corporate raider and has re-branded himself since then as an activist investor and shareholder advocate. Worth about $23.7 billion, according to the Bloomberg Billionaires Index, he primarily invests his own fortune rather than money from outsiders.

To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.net

To contact the editors responsible for this story: Elizabeth Fournier at efournier5@bloomberg.net, Matthew Monks, Michael Hytha

©2018 Bloomberg L.P.

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