Blockbuster: Icahn Slashes Stake
Investor Carl Icahn has sharply reduced his holdings in financially troubled video retailer Blockbuster (BBI).
In an SEC filing Friday, Icahn said he now controls 3.77 percent of the company’s Class A shares, and 5.65 percent of BBI’s Class B shares. That’s down from 5.14 percent of the A shares and 6.05 percent on March 31–which was down from 16.87 percent of the A shares and 7.73 percent of the B shares in late January, when Icahn announced his resignation from the BBI board.
