Carl Icahn Adds New Stake In Conduent, Exits Allergan And Nuance Communications

(RTTNews) - Billionaire investor Carl Icahn acquired a new 9.7 percent stake in business services provider Conduent Inc. (CNDT) in the first quarter and sold out of Allergan Plc. (AGN) and Nuance Communications Inc. (NUAN).

Icahn disclosed in a regulatory filing that he raised his stake in truck-maker Navistar International Corp.. The changes also reflected the takeover of Federal-Mogul Holdings by his publicly traded company Icahn Enterprises LP. (IEP).

Icahn increased his stake in Herbalife Ltd.(HLF), which he has been acquiring against the backdrop of a public feud with hedge fund manager Bill Ackman. Pershing Square Capital Management, run by billionaire Ackman, has a short position in the nutrition supplements distributor.