Mortgages

Carl Icahn acquired Fannie, Freddie shares from Fairholme: Filing

Icahn buys Fannie, Freddie shares: Report
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Icahn buys Fannie, Freddie shares: Report

Activist investor Carl Icahn acquired 6.8 million common shares of Fannie Mae and 5.7 million common shares of Freddie Mac from Fairholme Funds, a court filing showed Tuesday.

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Icahn, a billionaire investor known for taking big stakes in companies and pushing for management change, bought the shares in the major mortgage financiers in March, the filing showed.

By Reuters