Icahn now holds 6.9% stake in Insignia
Billionaire investor Carl Icahn now holds a 6.9% stake in real estate operator Insignia Financial Group Inc. (NYSE: IFS), according to a Securities and Exchange Commission filing on Monday. IFS owns Insignia/ESG, one of the nation’s leading real estate services firms.
The investor paid more than $12 million for roughly 1.6 million shares of the New York-based real estate brokerage firm.
High River Limited Partnership, one of Icahn’s investment vehicles, bought 611,200 Insignia shares between Nov. 13 and Nov. 29 at prices ranging from $5.86 to $7.49 per share to add to the previous holdings, per the filing. On Nov. 26, Icahn bought 331,400 shares of the stock at $7.04 per share.
Insignia shares have ranged from $5.25 to $11.82 in the past 52 weeks. As of Dec. 4, the stock was trading at $7.80 per share.
Acceptable Use Policy blog comments powered by Disqus
Want to use this article? Click here for options!
© 2012 Penton Media Inc.
advertisement
Photo Galleries
New York's Star Deals
The city that never sleeps is also the city that never stops growing, not even in the midst of recession. And deals, both bold and unprecedented, continue to be done. Check out image of New York's big deals.
Hudson Yards Development
Check out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-
Videos
JLL at ICSC 2012
Check out these videos from JLL at ICSC 2012 in Las Vegas...
Click here to view more videos.
advertisement
Blogs
 |
Real Vox |
 |
Traffic Court |
 |
The Full Nelson |
Events
 |
|---|
Strategic Real Estate Investment ConferenceDate: Thursday, June 7, 2012 Click here to view more events... |
This Week's Most Popular
Current Issue
 |
|
Join the Conversation
