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Carl Icahn grabs 11% of Take-Two

Activist investor Carl Icahn has a new company on his radar: Take-Two Interactive (NSDQ: TTWO). Fresh off the company’s poor fiscal Q4 earnings report, comes news that Icahn owns a roughly 11.3 percent stake, per an SEC filing. The filing states that Icahn believes Take-Two’s shares are “undervalued,” and that he could potentially “acquire additional shares” in the future.

Full report here

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