U.S. investor, Carl Icahn, has increased his stake in U.S. natural and organic products company, Hain Celestial Group, The Wall Street Journal reports. Icahn has so far acquired over $29 million in shares since September last year.
Icahn, whose holdings are in shares or in shares underlying options, has already acquired around 140,000 shares for about $3.7 million this month. In July, Icahn reached an agreement with Hain Celestial, under which the company agreed not to enact any rights agreement or poison pill as long as he owns under 20% of the company.
Click here for the story from The Wall Street Journal.