Billionaire investor Carl Icahn has drastically reduced his holdings in Chesapeake Energy Corp, according to SEC filings. From MarketWatch.com:
"Icahn and associated partners reduced their stake in Chesapeake to 35.3 million shares, or 4.6% of outstanding shares, according to a Monday filing with the Securities and Exchange Commission. Back in August, Icahn and partners reported a stake of about 73 million shares in the company."
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